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FEDERAL DEPOSIT INS. CORP. v. LINN

No. 86 C 9812.

671 F.Supp. 547 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Plaintiffs, v. James P. LINN, et al., Defendants.

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

October 6, 1987.

Attorney(s) appearing for the Case

Robert F. Finke, Beverly J. Klein, Vincent S. Oleszkiewicz, Mayer, Brown & Plait, Chicago, Ill., for FDIC.

Craig Miller, Davis Wright & Jones, Seattle, Wash., for Seattle-First Nat. Bank.

Jeffrey J. Keck, Hamm, Keck & Pawlan, Ltd., Chicago, Ill., Drew Neville, B.J. Rothbaum, Jr., James W. Morris III, Linn & Helms, Oklahoma City, Okl., for defendants.

David M. Meister, Peter Petrakis, Katten Muchin & Zavis, Chicago, Ill., for third-party defendant Continental Illinois Nat. Bank & Trust Co. of Chicago.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

Federal Deposit Insurance Corporation ("FDIC") and Seattle-First National Bank ("S-F") initially sued James and Ann Linn (collectively "Linns"), ASA Energy Corporation ("ASA"), Red Stone Energies, Ltd. ("Red Stone") and Cobra Drilling, Inc. ("Cobra") to collect amounts allegedly due on two promissory notes (the "Notes") executed by Linns and on limited recourse guaranties (the "Guaranties") executed by...

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