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AMERICAN NAT. BANK & TRUST CO. v. WEYERHAEUSER CO.

Nos. 81-2620, 81-2690.

692 F.2d 455 (1982)

AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Plaintiff-Appellant, Cross-Appellee, v. WEYERHAEUSER COMPANY, Defendant, Third-Party Plaintiff and Counter-Defendant-Appellee, Cross-Appellant, v. The FIRST JERSEY NATIONAL BANK, Third-Party Defendant and Counter-Plaintiff-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 26, 1982.

Attorney(s) appearing for the Case

Joel S. Siegel, Arvey, Hodes, Costello & Burman, Chicago, Ill., for plaintiff-appellant.

John W. Rotunno, Bell, Boyd & Lloyd, Chicago, Ill., for defendant-appellee, third party plaintiff.

Richard W. Burke, Jeffrey D. Waren, Chicago, Ill., for third party defendants.

Before CUDAHY and ESCHBACH, Circuit Judges, and TEMPLAR, Senior District Judge.

CUDAHY, Circuit Judge.

In this diversity action, appellant American National Bank and Trust Company ("American") seeks to recover damages for breach of contract arising from an alleged wrongful refusal to accept shares of stock tendered to appellees, Weyerhaeuser Company ("Weyerhaeuser") and its tender offer agent, First Jersey National Bank ("First Jersey"). The district court granted summary judgment in favor of Weyerhaeuser...

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