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HOME S & L ASS'N v. SAMUEL T. ISAAC & ASSOC., INC.

No. 79 C 3568.

496 F.Supp. 831 (1980)

HOME SAVINGS AND LOAN ASSOCIATION OF JOLIET, a state savings and loan association, First National Bank of Joliet, a national banking association, First Savings and Loan Association of Will County, a state savings and loan association, Union National Bank and Trust Company, a national banking association, Plainfield Savings and Loan Association, a state savings and loan association, Plainfield National Bank, a national banking association, Plaintiffs, v. SAMUEL T. ISAAC & ASSOCIATES, INC., a corporation; Samuel T. Isaac, individually; Secretary of the Department of Housing and Urban Development; Salem Village III, Inc., a corporation; and Lutheran Social Services of Illinois, a corporation; and Unknown Owners, Defendants.

United States District Court, N. D. Illinois, E. D.

September 8, 1980.

Attorney(s) appearing for the Case

William J. Holloway, Hinshaw, Culbertson, Moelmann, Hoban & Fuller, Chicago, Ill., for plaintiffs.

James White, Asst. U.S. Atty., Chicago, Ill., for Secretary of HUD.

Richard J. Aronson and Robert L. Canel, Chicago, Ill., for Samuel T. Isaac & Associates and Samuel T. Isaac, individually.

Robert A. Knuti, Lord Bissell & Brook, Chicago, Ill., for Lutheran Social Services of Illinois and Salem Village III.

ORDER

BUA, District Judge.

The present action is one for equitable relief, the plaintiffs claiming essentially that they are entitled to reformation of certain Participation Agreements currently in effect between them and defendant Samuel T. Isaac & Associates, Inc. [Associates]. Said action was filed initially in the Circuit Court of Will County, Illinois, and was timely removed to this court, pursuant to 28 U.S.C. § 1442(a)(1), by the defendant...

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