HAROCO, INCORPORATED, Roman Ceramics, Incorporated, California Originals, Incorporated, et al., Plaintiffs-Appellants,
v.
AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant-Appellee.
United States Court of Appeals, Seventh Circuit.https://leagle.com/images/logo.png
Argued April 13, 1994.
Decided October 19, 1994.
Attorney(s) appearing for the Case
Robert M. Weissbourd, Steven P. Schneck, Robert C. Howard, Futterman & Howard, Chicago, IL, for Haroco, Inc., Roman Ceramics, Inc., California Originals, Inc. and Mike Wayne Distilled Products Co. in No. 93-1697. Aram A. Hartunian (argued), Hartunian & Associates, Chicago, IL.
Kevin M. Flynn, Barbara J. Anderson, Alton Harris, Michael W. Coffield, Coffield, Ungaretti & Harris, Chicago, IL, James J. Stamos (argued), Stamos & Trucco, Chicago, IL, for American Nat. Bank and Trust Co. of Chicago.
Robert M. Weissbourd, Ronald L. Futterman, James G. Bradtke, Steven P. Schneck, Robert C. Howard, Phyllis L. Crocker, Futterman & Howard, Chicago, IL, Aram A. Hartunian (argued), Hartunian & Associates, Chicago, IL, for Haroco, Inc., Roman Ceramics, Inc., California Originals, Inc., and Mike Wayne Distilled Products, Co. in No. 93-3593.
Don H. Reuben, Winston & Strawn, Chicago, IL, Kevin M. Flynn, Barbara J. Anderson, Alton Harris, Michael W. Coffield, Daniel Pope, Coffield, Ungaretti & Harris, Chicago, IL, James J. Stamos (argued), Stamos & Trucco, Chicago, IL, for American Nat. Bank and Trust Co. of Chicago in No. 93-3593.
Before BAUER, WOOD, Jr., and CUDAHY, Circuit Judges.
United States Court of Appeals, Seventh Circuit.
HARLINGTON WOOD, Jr., Circuit Judge.
The plaintiffs in this case represent a class of borrowers. Each class member borrowed money pursuant to ninety-day unsecured loans from American National Bank ("ANB" or "the bank") during the relevant time period. The loan agreements provided that the borrowers were to repay the funds at the prime rate plus an additional percentage amount that varied from loan to loan (e.g., prime plus one percent). These loans are referred to...
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