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HELLER EQUITY CAPITAL CORP. v. CLEM ENVIRONMENTAL CORP.

No. 1-91-2778.

596 N.E.2d 1275 (1992)

232 Ill. App.3d 173

173 Ill.Dec. 369

HELLER EQUITY CAPITAL CORPORATION, an Illinois corporation, Plaintiff-Appellee, v. CLEM ENVIRONMENTAL CORPORATION, an Illinois corporation, Defendant-Appellant.

Appellate Court of Illinois, First District, Sixth Division.

July 10, 1992.

Attorney(s) appearing for the Case

Thomas R. Mulroy, Susan B. Cohen, Debbie L. Moeckler, Jenner & Block, Chicago, for defendant-appellant.

Terry M. Grimm, Paul P. Biebel, Jr., Timothy J. Rivelli, Julie A. Bauer, Winston & Strawn, Chicago, for plaintiff-appellee.

Justice McNAMARA delivered the opinion of the court:

Plaintiff, Heller Equity Capital Corporation ("HECC"), as assignee of Heller Financial, Inc. ("Heller") filed an action in the circuit court of Cook County seeking: (1) a declaratory judgment that a letter agreement ("agreement") entered into between Heller and defendant, Clem Environmental Corporation, in connection with certain financing Heller provided to defendant...

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