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OCCIDENTAL FIRE & CAS. v. CONTINENTAL ILL. NAT.

No. 88 C 6264.

718 F.Supp. 1364 (1989)

OCCIDENTAL FIRE & CASUALTY COMPANY OF NORTH CAROLINA, Plaintiff, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant.

United States District Court, N.D. Illinois.

June 23, 1989.

Attorney(s) appearing for the Case

Marvin Glassman, Rabens, Formusa & Glassman, Ltd., Chicago, Ill., and Peter M. Foley, Leboeuf, Lamb, Leiby & Macrae, Raleigh, N.C., for plaintiff.

Francis J. Higgins and James L. Meador, Bell, Boyd & Lloyd, Chicago, Ill., for defendant.

BRIAN BARNETT DUFF, District Judge.

Judge John M. Cannella once wrote, with some authority, that letter of credit liability cases were "particularly appropriate for judicial resolution without trial because they present solely legal issues." Bank of Cochin Ltd. v. Manufacturers Hanover Trust, 612 F.Supp. 1533, 1537 (S.D.N.Y. 1985). For every rule there is an exception, however, and the parties to the letter of credit case...

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