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JEFFERSON NAT. BANK v. CENTRAL NAT. BANK IN CHICAGO

No. 82-1427.

700 F.2d 1143 (1983)

JEFFERSON NATIONAL BANK OF MIAMI BEACH, as the Personal Representative of the Estate of Philip Litner, Deceased, Plaintiff-Appellee, v. CENTRAL NATIONAL BANK IN CHICAGO, Defendant and Third-Party Plaintiff-Appellant, v. Jerry LITNER, Third-Party Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 25, 1983.

Attorney(s) appearing for the Case

Francis J. Higgins, Bell, Boyd & Lloyd, Chicago, Ill., for defendant and third-party plaintiff-appellant.

Morris J. Coff, Holleb & Coff, Ltd., Chicago, Ill., for plaintiff-appellee.

Before CUMMINGS, Chief Judge, COFFEY, Circuit Judge, and HILL, Senior District Judge.

COFFEY, Circuit Judge.

This diversity action was brought by the corporate Personal Representative of the Estate of Philip Litner, Jefferson National Bank of Miami Beach, for the benefit of the beneficiaries under the decedent's will. The Personal Representative claims that the defendant corporate Trustee, "Central National Bank in Chicago," breached the fiduciary duty it owed to Mr. Philip Litner by failing to act prudently...

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