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PROGRESSIVE LAND DEVELOPERS, INC. v. EXCHANGE NATIONAL BANK OF CHICAGO

No. 1-93-1437.

641 N.E.2d 608 (1994)

266 Ill.App.3d 934

204 Ill.Dec. 384

PROGRESSIVE LAND DEVELOPERS, INC., Plaintiff-Appellee/Cross-Appellant, v. EXCHANGE NATIONAL BANK OF CHICAGO, n/k/a La Salle National Bank, Defendant-Appellant/Cross-Appellee.

Appellate Court of Illinois, First District, Fourth Division.

September 29, 1994.

Attorney(s) appearing for the Case

Schwartz, Cooper, Kolb & Gaynor Chartered, Chicago (Eric S. Rein and Franklin S. Schwerin, of counsel), for appellant.

Cook Partners Law Offices, Ltd., Chicago (Rufus Cook and Barbara J. Revak, of counsel), for appellee.

Presiding Justice HOFFMAN delivered the opinion of the court:

Plaintiff, Progressive Land Developers, Inc., filed suit against defendant, Exchange National Bank, alleging that defendant breached its fiduciary duty by improperly conveying real estate properties held in trust for plaintiff. Following a bench trial, the court found in favor of plaintiff and awarded damages of $930,815.65. Defendant appeals and plaintiff cross-appeals, challenging aspects of the damage...

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