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STRINGER CONSTRUCTION v. AMERICAN INS. CO.

No. 80-1847.

102 Ill. App.3d 919 (1981)

430 N.E.2d 1

STRINGER CONSTRUCTION COMPANY, INC., Plaintiff, v. THE AMERICAN INSURANCE COMPANY, Defendant-Appellant. — (LAGRANGE STATE BANK, Defendant-Appellee; CHICAGO HOUSING AUTHORITY et al., Defendants.)

Appellate Court of Illinois — First District (3rd Division).

Modified on denial of rehearing December 30, 1981.

Attorney(s) appearing for the Case

Charles A. Gilmartin and Daniel J. Mulcahy, both of Chicago (Gilmartin, Hallenbreck and Schroeder, Ltd., of counsel), for appellant.

John M. Burke, of Burke & Burke, Ltd., of Chicago, for appellee.

Order reversed.

JUSTICE McGILLICUDDY delivered the opinion of the court:

This action was brought by Stringer Construction Company, Inc. (Stringer), the plaintiff, to enjoin the defendant, LaGrange State Bank (LaGrange), from paying out on its letter of credit to the defendant, American Insurance Company (American).1 After a hearing, plaintiff's motion for a preliminary injunction...

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