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UNION FED. S & L v. CHAMPION FED. S & L

No. 3-89-0531.

199 Ill. App.3d 1040 (1990)

557 N.E.2d 950

UNION FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff-Appellant, v. CHAMPION FEDERAL SAVINGS AND LOAN ASSOCIATION, f/k/a Bloomington Federal Savings and Loan Association, Defendant-Appellee.

Appellate Court of Illinois — Third District.

Opinion filed July 13, 1990.

Attorney(s) appearing for the Case

Grayce K. Rund and Christopher R. Smith, both of Burke & Smith, Chartered, of Chicago (Raymond J. Smith, of counsel), for appellant.

John V. Patton and Robert J. Noe, both of Bozeman, Neighbour, Patton & Noe, of Moline, and Michael L. Brody and Jonathan H. Margolies, both of Schiff, Hardin & Waite, of Chicago (Barry S. Alberts, of counsel), for appellee.

Judgment affirmed.

JUSTICE STOUDER delivered the opinion of the court:

The plaintiff, Union Federal Savings and Loan Association, appeals from the judgment of the circuit court of Rock Island County which dismissed Union Federal's complaint against the defendant, Champion Federal Savings and Loan Association. The circuit court held that Union Federal's action was barred by the applicable statute of limitations and collateral estoppel.

In 1981, Rock...

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