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AMERICAN DEPOSIT CORP. v. SCHACHT

No. 95 C 207.

887 F.Supp. 1066 (1995)

AMERICAN DEPOSIT CORPORATION, and Blackfeet National Bank, Plaintiffs, v. James W. SCHACHT, individually and as Acting Director of Insurance of the State of Illinois, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

May 24, 1995.

Attorney(s) appearing for the Case

Robert A. Knuti, Lord, Bissell & Brook, Chicago, IL, Eugene F. Assaf, Kirkland & Ellis, Washington, DC, David O. Stewart, Ropes & Gray, Dennis M. Gingold, Anderson, Aukamp & Gingold, Washington, DC, Douglas J. Kurtenbach, Kirkland & Ellis, Chicago, IL, Thaddeus Holt, Point Clear, AL, for plaintiffs.

Thomas A. Ioppolo, Andrew Neal Levine, Asst. Atty. Gen., Illinois Atty. General's Office, Daniel I. Schlessinger, Damon Nicholas Vocke, Robert A. Knuti, Lord, Bissell & Brook, Chicago, IL, for defendant.

Ann M. Kappler, Jenner & Block, Chicago, IL, for NALU.

MEMORANDUM ORDER

BOBRICK, United States Magistrate Judge.

Before the court are the cross-motions of plaintiffs American Deposit Corp. ("ADC") and Blackfeet National Bank, ("Blackfeet"), and defendant James W. Schacht, Acting Director of Insurance of the State of Illinois, ("Schacht"), for summary judgment. The American Council of Life Insurance ("ACLI") and the National Association of Life Underwriters ("NALU") have filed briefs as amici curiae...

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