LINCOLN NAT. LIFE INS. CO. v. NCR CORP.

Nos. 84-2041, 84-2057.

772 F.2d 315 (1985)

The LINCOLN NATIONAL LIFE INSURANCE COMPANY, Provident Life and Accident Insurance Company, Provident Mutual Life Insurance Company of Philadelphia and Life and Casualty Insurance Company of Tennessee, Plaintiffs-Appellants, Cross-Appellees, v. NCR CORPORATION, Defendant-Appellee, Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided August 29, 1985.


Attorney(s) appearing for the Case

William L. Sweet, Barrett, Barrett & McNagny, Ft. Wayne, Ind., for plaintiffs-appellants, cross-appellees.

Robert P. Johnstone, Barnes & Thornburg, Indianapolis, Ind., for defendant-appellee, cross-appellant.

Before BAUER and COFFEY, Circuit Judges, and CAMPBELL, Senior District Judge.


BAUER, Circuit Judge.

This case involves an alleged failure by Defendant NCR to honor a mortgage loan commitment issued by plaintiffs-lenders. NCR Corporation intended to build a world headquarters on the banks of the Greater Miami River in Dayton, Ohio. To that end, in 1975 NCR secured the services of the United California Mortgage Company (UCM) to obtain financing for its new project. UCM promptly lined up the plaintiffs in this case as lenders: The Lincoln National...

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