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F.D.I.C. v. RLI INS. CO.

Case No. 12 C 3790.

49 F.Supp.3d 517 (2014)

The FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver for Park National Bank, Plaintiff, v. RLI INSURANCE COMPANY, Defendant.

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

Signed June 10, 2014.

Attorney(s) appearing for the Case

Debra Devassy Babu , Askounis & Darcy, P.C., Chicago, IL, Sharon L. Petty , Douglas A. Black , Mary L. Wolff , Wolff Ardis, P.C., Memphis, TN, for Plaintiff.

Christopher M. Kahler , Regina A. Ripley , Sara H. Gronkiewicz , Scott L. Schmookler , Gordon Rees LLP, Chicago, IL, for Defendant.

MEMORANDUM OPINION AND ORDER

This case presents an insurance dispute between Federal Deposit Insurance Corporation ("FDIC"), as receiver for Park National Bank ("Park National"), and RLI Insurance Company ("RLI"). FDIC suffered losses stemming from loans that were purportedly...

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