STANDARD BANK & TRUST CO. v. CALLAGHAN

No. 2-88-0232.

177 Ill. App.3d 973 (1988)

532 N.E.2d 1015

STANDARD BANK & TRUST COMPANY, Plaintiff-Appellant, v. DAVID G. CALLAGHAN et al., Defendants-Appellees.

Appellate Court of Illinois — Second District.

Opinion filed December 29, 1988.


Attorney(s) appearing for the Case

Eugene G. Callahan and Matthew W. La Koma, both of Callahan, Fitzpatrick & La Koma, of Oak Brook, Rathje, Woodward, Dyer & Burt, of Wheaton, and Thomas F. Bridgman, Michael A. Pollard, and Kathleen F. MacLennan, all of Baker & McKenzie, of Chicago (Francis D. Morrissey, of counsel), for appellant.

Liston & Mauter, P.C., of Wheaton, and Mark R. Valley and Robert D. Boyle, both of Murphy & Boyle, Chartered, of Chicago (Jay L. Statland, of counsel), for appellees.

Harvey B. Stephens and Emmet A. Fairfield, both of Brown, Hay & Stephens, of Springfield, for amicus curiae Illinois Bankers Association.


Affirmed in part, and reversed in part and remanded.

JUSTICE INGLIS delivered the opinion of the court:

Plaintiff, Standard Bank & Trust Company (formerly Heritage Standard Bank & Trust Company), appeals from the trial court's order finding plaintiff's bid at a court-ordered property foreclosure sale to be commercially unreasonable and barring plaintiff from recovering a deficiency judgment entered against defendants, David G. Callaghan, Mary M. Callaghan...

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