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WEST BEND MUT. INS. v. BELMONT STATE CORP.

Nos. 11-1811, 11-1959.

712 F.3d 1030 (2013)

WEST BEND MUTUAL INSURANCE COMPANY, Plaintiff-Appellant, Cross-Appellee, v. BELMONT STATE CORPORATION, et al., Defendants, and Banco Popular North America, Respondent-Appellee, Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 19, 2013.

Attorney(s) appearing for the Case

William S. Piper , Riordan McKee & Piper, Chicago, IL, for Plaintiff-Appellant.

Donald M. Thompson , Chicago, IL, for Defendants.

Francisco E. Connell , Chuhak & Tecson, Chicago, IL, Respondent-Appellee.

Before EASTERBROOK, Chief Judge, and FLAUM and WILLIAMS, Circuit Judges.

EASTERBROOK, Chief Judge.

Belmont State Corp. did not pay subcontractors and suppliers for work and materials on some projects. Jan Gad, its CEO, is on the lam. West Bend Mutual Insurance Co. laid out more than $2 million to satisfy Belmont's obligations and has a judgment for that amount against Belmont, Gad, and Mark Gizynski. This appeal presents several questions arising from West Bend's effort to recover some of the $2 million from Banco Popular, where Gizynski...

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