Bank of Chicago v. Park National Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that “[pjarticipants can look only to their lead bank for satisfaction of claims arising out of the transaction; they are not themselves creditors of the borrower and so cannot assert creditor claims against the borrower.”
• courts are in agreement that a participation does not allow the participant to assert claims against the borrower
• courts are in agreement that a participation does not allow the participant to assert claims against the borrower
• the trial court did not abuse its discretion in denying leave to file an amended complaint where the plaintiff made the motion 10 days into trial after the close of its case in chief and the motion raised no new factual allegations

Source: CourtListener parenthetical corpus (CC0).