CONTINENTAL ASSURANCE COMPANY, an Illinois insurance company, Plaintiff,
v.
AMERICAN BANKSHARES CORPORATION, et al., Defendants.
United States District Court, E. D. Wisconsin.https://leagle.com/images/logo.png
May 14, 1982.
May 14, 1982.
Attorney(s) appearing for the Case
Irvin B. Charne, Howard A. Pollack, Milwaukee, Wis., Harding A. Orren, Richard L. Voelbel, Robbins, Davis & Lyons, Minneapolis, Minn., for plaintiff.
William H. Alverson, Godfrey & Kahn, Milwaukee, Wis., for Ernst & Ernst.
Robert E. Hackett, Jr., Milwaukee, Wis., for Trecker.
Gregory J. Harrold, Milwaukee, Wis., for Erickson.
Dominic S. Amato, Joseph F. Wresching, Milwaukee, Wis., for Wiersdma.
Ronald L. Wallenfang, Quarles & Brady, Milwaukee, Wis., for Deshur, Heifetz, Korpady, Lauterbach, Lesselyoung, Lichtsinn, Pearce, Colburn, Bruce, DeBelak & Schwingle.
Richard L. Cates, John C. Carlson, Madison, Wis., for Cahill.
David J. Cannon, Glenn A. Buse, Michael, Best & Friedrich, Milwaukee, Wis., for Wegmann.
Reuben W. Peterson, Jr., Milwaukee, Wis., for Colonial Bank.
David E. Leichtfuss, Walter S. Davis, Clifford B. Buelow, Milwaukee, Wis., for Benz & Wright.
William J. French, Milwaukee, Wis., for FDIC.
James Gordon, Chicago, Ill., for Colonial Bank.
John D. Bird, Jr., Milwaukee, Wis., for Scroggins & Rodi.
Michael A. Campbell, Donald A. Sands, Milwaukee, Wis., for Zuckerman.
United States District Court, E. D. Wisconsin.
MEMORANDUM AND ORDER
WARREN, District Judge.
This action arises out of the closing of American City Bank ("American") in October of 1975. Plaintiff Continental Assurance Corporation ("Continental"), the holder of a Subordinated Capital Note issued by American in April of 1973, seeks to recover $2,000,000.00, the amount of the note, from a number of defendants on various grounds of alleged liability.
Two motions are currently pending before the Court...
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