Recent Illinois Case: First Bank and Trust v. Crowley, Barrett & Karaba

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Dismissal based on the statute of limitations reversed. The Appellate Court held there were issues of fact regarding when the plaintiff bank was injured. The court explained that the bank was not damaged by an inaccurate legal description of real estate in a foreclosure judgment at the time the judgment was entered because the judgment was in the bank’s favor. Rather, the bank was damaged when it had to expend funds to correct the error.

First Bank and Trust Company of Illinois v. Crowley, Barrett & Karaba, Ltd., 2015 IL App (1st) 141985-U

(This is for informational purposes and is not legal advice.)

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