HERITAGE STANDARD BANK & TRUST CO. v. STEEL CITY NAT. BANK

No. 1-91-3191.

599 N.E.2d 1283 (1992)

234 Ill. App.3d 48

175 Ill.Dec. 269

HERITAGE STANDARD BANK & TRUST COMPANY (n/k/a Standard Bank & Trust Company), as Trustee under Trust No. 3167; Orchard Hill Building Co., and Illinois general partnership; and Robert Gallagher, Plaintiffs-Appellees, v. STEEL CITY NATIONAL BANK, as Trustee under Trust Agreement No. 2536; First Cook Bank for Savings (n/ k/a First Cook Community Bank, a Federal Savings Bank); and Michael Halikias, Defendants-Appellants.

Appellate Court of Illinois, First District, Fourth Division.

August 27, 1992.


Attorney(s) appearing for the Case

Edward P. Freud and Paula M. Carstensen of Ruff, Weidenaar & Reidy, Ltd., Chicago, for defendants-appellants.

William R. Warnock and Thomas R. Schutt of Donovan & Olsen, Chicago, for plaintiffs-appellees.


Justice McMORROW delivered the opinion of the court:

The trial court entered an order granting a preliminary injunction which enjoined defendants from terminating a real estate contract pursuant to a notice of default from defendants to plaintiffs. On interlocutory appeal from that order, defendants contend that the trial court abused its discretion in issuing the injunction because plaintiffs failed to establish the elements necessary for issuance of preliminary...

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