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AVONDALE FEDERAL SAV. BANK v. AMOCO OIL CO.

No. 98-2003.

170 F.3d 692 (1999)

AVONDALE FEDERAL SAVINGS BANK, Plaintiff-Appellant, v. AMOCO OIL COMPANY, a Maryland corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 11, 1999.

Attorney(s) appearing for the Case

Johnine J. Brown (argued), Julie D. Melvin, Brownmartin P.C., William M. McErlean, Chicago, IL, for plaintiff-appellant.

Vincent S. Oleskiewicz (argued), Baker & McKenzie, Chicago, IL, for defendant-appellee.

Before BAUER, DIANE P. WOOD, and EVANS, Circuit Judges.

EVANS, Circuit Judge.

Amoco Oil Company owned and operated a gas station in Lake Forest, Illinois, from 1926 to 1970. Amoco sold the property to George and Margaret Herman, who in turn sold it to First National Bank of Lake Forest, which in turn sold it to Lake Forest Savings and Loan Association. Avondale Federal Savings Bank took title to the property in 1982 when it merged with Lake Forest Savings and Loan.

In late 1995 Avondale negotiated to sell the property...

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