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INSTITUTO NACIONAL v. CONTINENTAL ILL. NAT. BANK

Nos. 87-2445, 87-2521.

858 F.2d 1264 (1988)

INSTITUTO NACIONAL DE COMERCIALIZACION AGRICOLA (INDECA), Plaintiff-Appellant, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY, et al., Defendants-Appellees. INSTITUTO NACIONAL DE COMERCIALIZACION AGRICOLA (INDECA), Cross-Appellee, v. Deborah BELL, Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 4, 1988.

Attorney(s) appearing for the Case

Steven Shobat, Chicago, Ill., for plaintiff-appellant.

Daniel M. Harris, Mayer Brown & Platt, Deborah Bell, Chicago, Ill., for defendants-appellees.

Before WOOD, Jr., FLAUM and RIPPLE, Circuit Judges.

HARLINGTON WOOD, Jr., Circuit Judge.

In this diversity action the plaintiff-appellant Indeca asks us to hold that Illinois would recognize a purchaser's cause of action for the tort of negligent misrepresentation against a bank that negligently confirmed that the seller's documents complied with a letter of credit issued by the purchaser's bank. Following from this and its assertion that a proper jury request had been made, Indeca also asks that we uphold an advisory...

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