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LINCOLN NAT. LIFE INS. CO. v. TCF NAT. BANK

No. 10 C 6142.

875 F.Supp.2d 817 (2012)

LINCOLN NATIONAL LIFE INSURANCE CO., Plaintiff, v. TCF NATIONAL BANK, Defendant. TCF National Bank, Counter/Third-Party Plaintiff, v. Lincoln National Life Insurance Co., the Klarchek Family Trust, and Sunset Village Limited Partnership, Counter-Defendants and Third-Party Defendants.

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

June 20, 2012.

Attorney(s) appearing for the Case

Leonard Stewart Shifflett , Michael Steven Rhinehart , Chicago, IL, for Plaintiff and Third-Party Defendants.

Vincent Thomas Borst , Catherine A. Cooke , Jennifer Lynn Tweeton , Robbins, Salomon & Patt, Ltd., Chicago, IL, for Defendant and Third-Party Plaintiff.

MEMORANDUM OPINION AND ORDER

VIRGINIA M. KENDALL, District Judge.

This case arises out of a construction loan that Lincoln National Life Insurance Company made to Sunset Village Limited Partnership for construction at Sunset Village's mobile home community. The proceeds of the Loan were put on deposit with TCF National Bank, Sunset Village's banker. TCF administered the draws against the proceeds of the Loan that Sunset Village made as construction...

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