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1ST SOURCE BANK v. NETO

No. 17-1058.

865 F.3d 473 (2017)

1ST SOURCE BANK, Plaintiff-Appellee, v. Joaquim Salles Leite NETO, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

March 30, 2017.

Attorney(s) appearing for the Case

Timothy Joseph Abeska , Attorney, Barnes & Thornburg LLP, South Bend, IN, Alice Jane Springer , Attorney, Barnes & Thornburg LLP, Elkhart, IN, for Plaintiff-Appellee.

Matthew S. Ryan , Terence H. Campbell , Attorneys, Cotsirilos, Tighe & Streicker, Poulos & Campbell, Chicago, IL, for Defendant-Appellant.

Before Posner, Kanne, and Williams, Circuit Judges.

Defendant Joaquim Neto, an international businessman from Brazil, entered into a trust agreement with Wells Fargo Bank in 2009 to purchase an aircraft for use in his business. Wells Fargo borrowed $6 million from plaintiff 1st Source Bank (a major Indiana bank), pledging the aircraft as collateral, and Neto signed a personal...

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