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BANK OF CALIFORNIA v. ARTHUR ANDERSEN & CO.

Nos. 83-1598 to 83-1600, 83-1605 to 83-1607, 83-1619, 83-1620 and 83-1637.

709 F.2d 1174 (1983)

The BANK OF CALIFORNIA, N.A., Plaintiff-Appellee, v. ARTHUR ANDERSEN & CO., Coopers & Lybrand, and Alexander Grant & Company, Defendants-Appellants. LaSALLE NATIONAL BANK, Plaintiff-Appellee, v. ARTHUR ANDERSEN & CO., Coopers & Lybrand, and Alexander Grant & Company, Defendants-Appellants. The FIRST PACIFIC BANK OF CHICAGO, Plaintiff-Appellee, v. ARTHUR ANDERSEN & CO., Coopers & Lybrand, and Alexander Grant & Company, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided June 9, 1983.

Rehearing and Rehearing Denied July 7, 1983.

Attorney(s) appearing for the Case

Hoken S. Seki, Seki, Jarvis & Lynch, James E. Spiotto, Chapman & Cutler, Chicago, Ill., for plaintiffs-appellees/cross-appellants.

William Bruce Hoff, Jr., Mayer Brown & Platt, Chicago, Ill., Powell Pierpoint, Hughes Hubbard & Reed, New York City, Robert G. Schloerb, Peterson, Ross, Schloerb & Seidel, Chicago, Ill., Jay Kelly Wright, Hughes Hubbard & Reed, Washington, D.C., Charles W. Boand, Wilson & McIlvaine, Chicago, Ill., for defendants-appellants/cross-appellees.

Before CUMMINGS, Chief Judge, and BAUER and POSNER, Circuit Judges.

Rehearing and Rehearing En Banc Denied July 7, 1983.

POSNER, Circuit Judge.

The plaintiffs-appellees have moved to dismiss these appeals and to impose sanctions on the defendants-appellants for their alleged bad faith in appealing. Although, as we shall see, the appeals are not frivolous, they are part of a strategy of seeking to obtain procedural advantages that the defendants are well aware they are not entitled...

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