PRUDENTIAL INS. CO. v. CURT BULLOCK BUILDERS, INC.

No. 84 C 3387.

626 F.Supp. 159 (1985)

The PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey corporation, Plaintiff-Counterdefendant, v. CURT BULLOCK BUILDERS, INC., a Nevada corporation, Defendant-Counterclaimant.

United States District Court, N.D. Illinois, E.D.

December 30, 1985.


Attorney(s) appearing for the Case

Guenther M. Philipp, Roger Pascal, J. Mark Fisher, Terence J. Moran, Schiff, Hardin & Waite, Chicago, Ill., for plaintiff-counterdefendant.

Charles C. Hall, Young, Welsch, Young & Hall, Danville, Ill., Edward V. Donovan, Henehan, Donovan & Isaacson, Ltd., Chicago, Ill., for defendant-counterclaimant.


MEMORANDUM AND ORDER

MORAN, District Judge.

This diversity action presents the question of whether a creditor protecting its interests under a loan agreement also could be liable to the debtor in tort if another creditor caused unnecessary economic harm while both were in the process of collection.

Prudential, the plaintiff here, and the First Midwest Bank of Danville, Illinois (formerly the Second National Bank), which is not a party to these proceedings...

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