LB CREDIT CORP. v. RESOLUTION TRUST CORP.

No. 91 C 4379.

796 F.Supp. 358 (1992)

LB CREDIT CORPORATION, a California Corporation, Plaintiff, v. RESOLUTION TRUST CORPORATION as Receiver for Concordia Federal Bank for Savings, Defendant.

United States District Court, N.D. Illinois, E.D.

August 10, 1992.


Attorney(s) appearing for the Case

Michael Lewis Weissman, McBride, Baker & Coles, John Donovan Lien, Joan Marie G. Kubalanza, Bobby Dean Hines, Jr., Foley & Lardner, Chicago, Ill., for plaintiff.

Michael M. Mulder, Annette Ruth Appell, Meites, Frackman & Mulder, Chicago, Ill., for defendant.


MEMORANDUM AND ORDER

LINDBERG, District Judge.

On June 10, 1987, Concordia Federal Bank for Savings ("Concordia") and Unisys Financial Corporation ("Unisys") entered into a lease agreement pursuant to which Unisys leased data processing equipment to Concordia. Concordia pledged certain securities as security for performance of its obligations under the lease. Unisys subsequently sold and assigned its rights under the lease to Wells Fargo Leasing Company...

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