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FEDERAL S. & L. INS. CORP. v. PSL RLTY. CO.

No. A-Civ-76-79.

482 F.Supp. 74 (1979)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, an agency of the United States, Plaintiff, v. PSL REALTY COMPANY, an Illinois Corporation; Granite City Investment Company, a Limited Partnership, James C. Green, Shirley J. Green, Capitol Indemnity Corporation, a corporation, Howard Steele Construction Company, Inc., and Unknown Owners, Defendants.

United States District Court, S. D. Illinois, Alton Division.

September 26, 1979.

Attorney(s) appearing for the Case

Robert W. Patterson, William J. McKenna, Hopkins, Sutter, Mulroy, David & Cromartie, Chicago, Ill., Robert S. Cohen, Giffin, Winning, Lindner, Newkirk, Cohen & Bodewes, Springfield, Ill., for plaintiff.

W. Stanley Walch, Robert H. Brownlee, Mary K. Bennett, Thompson & Mitchell, St. Louis, Mo., James H. Bandy, Listeman, Bandy & Hamilton, Belleville, Ill., for PSL Realty Co.

Rex Carr, Cohn, Carr, Korein, Kunin, Schlichter & Brennan, East St. Louis, Ill., for Granite Investment Co. and James C. Green.

Bernard A. Reinert and Francis L. Kenney, III, Kenney, Leritz & Reinert, St. Louis, Mo., for Capitol Indemnity Corp.

Philip R. Newmark, St. Louis, Mo., for Howard Steel Construction Co.

MEMORANDUM ORDER

J. WALDO ACKERMAN, District Judge.

On September 24, 1979, this Court heard arguments relating to pending motions which present serious questions about the jurisdiction of this Court to entertain this mortgage foreclosure action. The gravamen of the motions relates to the effect on this proceeding, if any, of a recent decision of the Illinois Appellate Court for the Fifth District in PSL Realty Company v. Granite Investment Company,

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