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BARRETT v. CONTINENTAL ILL. NAT. BANK & TRUST CO.

Civ. A. No. 87-1478-C.

695 F.Supp. 66 (1988)

Michael D. BARRETT, Donal B. Barrett, and G. Lamar Crittenden, Jr., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant.

United States District Court, D. Massachusetts.

September 9, 1988.

Attorney(s) appearing for the Case

Alexander Whiteside, Putnam, Bell & Russell, Boston, Mass., for plaintiffs.

Rudolph F. Pierce, Goulston & Storrs, Boston, Mass., Joel R. Leeman and Richard E. Simpson, Kirkland and Ellis, Chicago, Ill., for defendant.

MEMORANDUM

CAFFREY, Senior District Judge.

On April 14, 1988, this Court granted summary judgment in favor of the defendant, Continental Illinois National Bank and Trust Company (Continental). The plaintiffs have requested a reconsideration of that decision on a number of grounds.

The pertinent facts are as follows: In 1982, Continental loaned $3.5 million to Michael Maduff. Maduff was a shareholder of...

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