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NORTHERN TRUST CO. v. BUNGE CORP.

No. 88-2595.

899 F.2d 591 (1990)

The NORTHERN TRUST COMPANY, an Illinois corporation, Plaintiff-Appellant, v. BUNGE CORPORATION, a New York corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 30, 1990.

Rehearing and Rehearing Denied May 25, 1990.

Attorney(s) appearing for the Case

Mark A. Rabinowitz, Stephen C. Sandels, McDermott, Will & Emery, Chicago, Ill., for plaintiff-appellant.

Stephen R. Patton, Jonathan B. Newcomb, David T. Erie, Kirkland & Ellis, Washington, D.C., for defendant-appellee.

Before CUMMINGS and EASTERBROOK, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied May 25, 1990.

CUMMINGS, Circuit Judge.

In this action to construe the coverage of a warranty in a Stock Purchase Agreement the district court entered a judgment for $648,000 plus prejudgment interest in favor of the purchaser of the stock, the Bunge Corporation ("Bunge"). After determining that diversity jurisdiction in this case must be satisfied on the basis of the citizenship and the amounts in controversy of the individual...

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