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AMERICAN EMPLOYERS INS. v. PIONEER BANK & TRUST

No. 81 C 4308.

538 F.Supp. 1354 (1981)

AMERICAN EMPLOYERS INSURANCE COMPANY, Plaintiff, v. PIONEER BANK AND TRUST COMPANY, Defendant.

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

December 18, 1981.

Attorney(s) appearing for the Case

Stephen M. Hallenbeck, Randall L. Marmor, Gilmartin, Hallenbeck & Schroeder, Ltd., Chicago, Ill., for plaintiff.

David A. Kallick, Hurley & Kallick, Ltd., Northfield, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

American Employers Insurance Company ("American Employers") sues Pioneer Bank and Trust Company ("Pioneer") alleging the wrongful dishonor of drafts presented under each of three irrevocable letters of credit issued by Pioneer. American Employers has moved for summary judgment and Pioneer has filed a cross motion to dismiss the Complaint. For the reasons stated in this memorandum opinion and order, Pioneer...

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