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PIONEER BK. & TR. CO. v. SEIKO SPORTING GOODS

No. 1-88-1625.

184 Ill. App.3d 783 (1989)

540 N.E.2d 808

PIONEER BANK AND TRUST COMPANY, Plaintiff-Appellee, v. SEIKO SPORTING GOODS, U.S.A. COMPANY, et al., Defendants (Continental Illinois National Bank and Trust Company of Chicago, Defendant-Appellant).

Appellate Court of Illinois — First District (1st Division).

Rehearing denied July 17, 1989.

Attorney(s) appearing for the Case

Richard H. Ferri, of Chicago, for appellant.

Herbert Beigel and Leigh R. Lasky, both of Beigel & Sandler, of Chicago, for appellee.

Judgment affirmed.

JUSTICE CAMPBELL delivered the opinion of the court:

Defendant, Continental Illinois National Bank and Trust Company of Chicago, appeals from a judgment entered by the circuit court of Cook County against Continental and in favor of plaintiff, Pioneer Bank and Trust Company, as a result of the court's finding that Continental had improperly made payments under a letter of credit and had wrongfully charged Pioneer's account for the amount...

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