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INSTITUTO NACIONAL v. CONTINENTAL ILL. NAT. BANK

No. 81 C 1934.

530 F.Supp. 279 (1982)

INSTITUTO NACIONAL DE COMERCIALIZACION AGRICOLA (INDECA), Plaintiff, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, et al., Defendants.

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

January 21, 1982.

Attorney(s) appearing for the Case

John A. Field, III, Jerris, Leonard & Assoc., P. C., Washington, D. C., Edward McGovern, McGuan & McGovern, Chicago, Ill., for plaintiff.

Gerald D. Mindell, Arthur F. Radke, Patricia T. Adelman, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

Instituto Nacional de Comercializacion Agricola ("Indeca"), a quasi-national corporation organized under Guatemalan law, has as part of its responsibility the purchase of foodstuffs and agricultural staples for the Guatemalan people on international markets. It sues a group of defendants for an allegedly fraudulent scheme in which Indeca was bilked of over $5 million in its attempted purchase of 6,000...

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