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FIRST NAT. BANK OF CHICAGO v. STANDARD BANK & TR.

Nos. 98-2533, 98-2575.

172 F.3d 472 (1999)

FIRST NATIONAL BANK OF CHICAGO, f/k/a NBD Bank, Plaintiff-Appellant, Cross-Appellee, v. STANDARD BANK & TRUST, Defendant-Appellee, Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 26, 1999.

Attorney(s) appearing for the Case

Robert P. Hurlbert (argued), Dickinson, Wright, Moon, Van Dusen & Freeman, Chicago, IL, for Plaintiff-Appellant.

Richard M. Franklin (argued), Baker & McKenzie, Chicago, IL, for Defendant-Appellee.

Before FLAUM, EASTERBROOK and MANION, Circuit Judges.

FLAUM, Circuit Judge.

First National Bank of Chicago, known at the time relevant to this suit as NBD Bank ("NBD"), brought an action for declaratory judgment alleging that Standard Bank & Trust ("Standard Bank" or "Standard") failed to return certain checks to NBD in a timely fashion under the Expedited Funds Availability Act, 12 U.S.C. § 4010(d) & (f) ("EFAA"). Finding that the checks were returned in a timely fashion, the district court granted summary...

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