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REYNOLDS v. EAST DYER DEVELOPMENT CO.

No. 88-2802.

882 F.2d 1249 (1989)

Thomas REYNOLDS and Ruthann Reynolds, Plaintiffs-Appellants, v. EAST DYER DEVELOPMENT COMPANY, 545 Service Corporation, Citizens Development Corporation, Home Owners Warranty Corporation, Andrew J. Kopko, Individually and as a Trustee under Trust dated January 12, 1977, John Doe and Jane Doe, the unknown beneficiaries of a Trust Dated January 12, 1977, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 17, 1989.

Attorney(s) appearing for the Case

David M. Austgen, Robert E. Stochel, O'Drobinak, Stochel and Austgen, Crown Point, Ind., for plaintiffs-appellants.

Mark E. Schmidtke, Larry G. Evans, Hoeppner, Wagner & Evans, Valparaiso, Ind., for defendants-appellees.

Before FLAUM and MANION, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

MANION, Circuit Judge.

Citizens Development Corporation (Citizens), a subsidiary of Citizens' Federal Savings and Loan of Matteson, Illinois, and 545 Service Corporation (545), a subsidiary of First Federal Savings and Loan of Gary, Indiana, formed a joint venture called the East Dyer Development Company (East Dyer) to develop a residential subdivision known as Castlewood Subdivision in Dyer, Indiana. The Castlewood properly was held in a land trust, with Andrew J...

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