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TELEGRAPH SAV. & LOAN ASS'N v. SCHILLING

No. 59149.

105 Ill.2d 166 (1984)

473 N.E.2d 921

TELEGRAPH SAVINGS & LOAN ASSOCIATION OF CHICAGO et al., Appellees, v. WILLIAM J. SCHILLING, Indiv. and as Commissioner of Savings and Loan Associations, Appellant.

Supreme Court of Illinois.

Rehearing denied February 1, 1985.

Attorney(s) appearing for the Case

Neil F. Hartigan, Attorney General, of Springfield (Michael J. Hayes and Roger P. Flahaven, Assistant Attorneys General, of Chicago, of counsel), for appellant.

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

Judgment affirmed.

JUSTICE MORAN delivered the opinion of the court:

Plaintiffs, Telegraph Savings and Loan Association of Chicago and the officers and directors thereof (collectively referred to as Telegraph), filed a complaint in the circuit court of Cook County against defendant, William J. Schilling, individually and as Commissioner of Savings and Loan Associations for the State of Illinois (Commissioner). Telegraph challenged the Commissioner's closing...

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