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IFC CREDIT v. UNITED BUS. & INDUST. FED. CREDIT

No. 04 C 5905.

474 F.Supp.2d 956 (2006)

IFC CREDIT CORPORATION, assignee of NorVergence, Inc., Plaintiff, v. UNITED BUSINESS & INDUSTRIAL FEDERAL CREDIT UNION, Defendant.

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

January 31, 2006.

Attorney(s) appearing for the Case

Vincent Thomas Borst, Debra Rose Devassy, Dorothy Ann Coker, Askounis & Borst, P.C., Chicago, IL, for Plaintiff.

Gregory Adam Adamski, Karen Conti, Adamski & Conti, Chicago, IL, for Defendant.

MEMORANDUM OPINION AND ORDER

KENNELLY, District Judge.

IFC Credit Corporation (IFC), an assignee of NorVergence, Inc., has sued United Business & Industrial Federal Credit Union (UBI) for breach of contract and detinue. IFC has moved for summary judgment. For the reasons stated below, the Court denies the motion.

Facts

UBI is a federally chartered credit union based in Connecticut. In 2003, UBI entered into negotiations with...

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