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FIRST NAT. BANK v. ATLANTIC TELE-NETWORK

No. 90-3651.

946 F.2d 516 (1991)

FIRST NATIONAL BANK OF CHICAGO, Plaintiff-Appellee, v. ATLANTIC TELE-NETWORK COMPANY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 17, 1991.

Rehearing Denied November 14, 1991.

Attorney(s) appearing for the Case

Lynn A. Goldstein (argued), John C. Simons, First Nat. Bank of Chicago, Chicago, Ill., for plaintiff-appellee.

Mary A. Gerstner (argued), Joseph J. Walczak, Burke, Wilson & Mcllvaine, Chicago, Ill., John P. Raynor, Richard J. Rensch, Patrick M. Heng, Gilroy, Raynor, Skudlarek & Rensch, Omaha, Neb., for defendant-appellant.

Before BAUER, Chief Judge, and POSNER and EASTERBROOK, Circuit Judges.

POSNER, Circuit Judge.

This is a diversity suit for breach of contract, brought by First National Bank of Chicago against Atlantic Tele-Network Co. (ATN); Illinois law applies. The district judge granted First National's motion for summary judgment and entered judgment for some $296,000 in damages, plus prejudgment interest.

The suit is based on two letter offers that the bank sent ATN in December 1986 and that ATN accepted later that month and early the next...

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