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TEAMSTERS LOCAL 282 PENSION TRUST FUND v. ANGELOS

No. 86-1122.

815 F.2d 452 (1987)

TEAMSTERS LOCAL 282 PENSION TRUST FUND, Plaintiff-Appellant, v. Anthony G. ANGELOS, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 17, 1987.

Attorney(s) appearing for the Case

Edward J. Boyle, Wilson, Elser, Moskowitz, Edelman & Dicker, New York City, for plaintiff-appellant.

John Powers Crowley, Matthew F. Kennelly, Margaret L. Paris, Cotsirilos & Crowley, Ltd., Chicago, Ill., for defendants-appellees.

Before WOOD, COFFEY and RIPPLE, Circuit Judges.

RIPPLE, Circuit Judge.

This action is the most recent in a series of cases involving the Teamsters Local 282 Pension Trust Fund (Fund) and its two million dollar loan to the Des Plaines Bancorporation, Inc. (Bancorporation), a bank holding company whose principal asset was the Des Plaines Bank (Bank). The Fund appeals the district court's order granting summary judgment to the appellees1 on the ground that the federal securities claims...

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