F.D.I.C. v. TEKFEN CONST. AND INSTALLATION CO.

No. 87-2105.

847 F.2d 440 (1988)

FEDERAL DEPOSIT INSURANCE CORP., a federal corporation and successor in interest to Continental Illinois National Bank and Trust Company of Chicago, Plaintiff-Appellee, v. TEKFEN CONSTRUCTION AND INSTALLATION COMPANY, INC., Defendant-Cross/Plaintiff-Appellant, v. SANGAMO CONSTRUCTION COMPANY, R.B. Potashnick Construction, Inc., and R.B. Potashnick, Cross/Defendants.

United States Court of Appeals, Seventh Circuit.

Decided June 1, 1988.


Attorney(s) appearing for the Case

J. Robert Geiman, David J. Novotny, Peterson, Ross, Schloerb & Seidel, Chicago, Ill., for defendant-cross/plaintiff-appellant.

Paul K. Vickrey, Hopkins & Sutter, Chicago, Ill., for plaintiff-appellee.

Before CUMMINGS, CUDAHY and MANION, Circuit Judges.


CUDAHY, Circuit Judge:

Appellant asks us to vacate an award of attorneys fees under Fed.R.Civ.P. 11. Defendant Tekfen Construction and Installation Company ("Tekfen"), a Turkish corporation, was a partner in Sangamo Group, a partnership whose other members were American construction firms. The partnership was formed to build a Kuwaiti reservoir. Sangamo Group obtained a letter of credit, apparently backed by the partnership...

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