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TELEGRAPH SAV. & LOAN ASS'N v. SCHILLING

No. 80-2153.

115 Ill. App.3d 331 (1983)

450 N.E.2d 798

TELEGRAPH SAVINGS & LOAN ASSOCIATION OF CHICAGO et al., Plaintiffs-Appellants, v. WILLIAM J. SCHILLING, Indiv. and as Commissioner of Savings and Loan Associations for the State of Illinois, Defendant-Appellee.

Appellate Court of Illinois — First District (3rd Division).

Rehearing denied June 29, 1983.

Attorney(s) appearing for the Case

Baker & McKenzie, of Chicago (Francis D. Morrissey, James G. Staples, Michael K. Murtaugh, Daniel J. O'Connor, and Thomas A. Doyle, of counsel), for appellants.

Tyrone C. Fahner, Attorney General, of Springfield (Michael J. Hayes, Roger P. Flahaven, and Gary E. Medler, Assistant Attorneys General, of counsel), for appellee.

Reversed and remanded.

JUSTICE O'CONNOR delivered the opinion of the court:

Plaintiffs, Telegraph Savings & Loan Association of Chicago (Telegraph) and the officers and directors thereof, appeal from the order of the circuit court of Cook County dismissing with prejudice their chancery action against defendant, William J. Schilling, individually and as Commissioner of Savings and Loan Associations for the State of Illinois (Commissioner). By their suit...

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