IN THE UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

FEDERAL DEPOSIT INS. CORP. AS )

RECEIVER FOR FOUNDERS BANK, )

)

Plaintiff, ) No. 12-cv-5198

)

v. )

) Honorable Judge Andrea R. Wood

CHICAGO TITLE INS. CO., et al., )

)

Defendants. )

FDIC-R’S UNOPPOSED MOTION FOR ENTRY OF AMENDED JUDGMENT

Federal Deposit Insurance Corporation as Receiver for Founders Bank (“FDIC-R”) 

moves for entry of an amended judgment in accordance with the mandate issued by the U.S. 

Court of Appeals for the Seventh Circuit. Defendants Chicago Title Insurance Company and 

Chicago Title & Trust Co. (collectively, “Chicago Title”) do not oppose the relief requested 

herein.

1. On July 16, 2018, this Court entered its initial judgment in this matter for FDIC-R 

against Chicago Title in the amount of $1.45 million. [D.E. 410.] On March 10, 2020, this 

Court entered an amended judgment for FDIC-R against Chicago Title in the amount of 

$945,643.56. [D.E. 524.]

2. On August 31, 2021, the Seventh Circuit issued its opinion remanding the case to 

this Court to reverse the $500,000 reduction reflected in the amended judgment. [D.E. 603.] 

Pursuant to that ruling, FDIC-R is entitled to an amended judgment in the principal amount of 

$1,445,643.56. On January 28, 2022, the Seventh Circuit ruled that FDIC-R was entitled to postjudgment interest to run from the date of the original judgment, July 16, 2018. [D.E. 602.] 

Mandate issued that same day. [D.E. 599.]

Case: 1:12-cv-05198 Document #: 604 Filed: 02/18/22 Page 1 of 4 PageID #:17792
FDIC-R’S UNOPPOSED MOTION FOR ENTRY OF AMENDED JUDGMENT– Page 2

3. FDIC-R has prepared the attached proposed judgment to reflect the Seventh 

Circuit’s rulings. A word copy of the proposed judgment will also be provided.

For the foregoing reasons, FDIC-R respectfully requests that the Court enter the attached 

proposed judgment.

LOCAL COUNSEL

Monica Maria Tynan (ARDC # 6210307)

300 South Riverside Drive, Suite 1700

Chicago, Illinois 60606

Phone: (312) 382-6555

mtynan@fdic.gov

Respectfully submitted,

FEDERAL DEPOSIT INSURANCE

CORPORATION AS RECEIVER FOR 

FOUNDERS BANK

/s/ J.S. Tonkinson

Stuart Tonkinson

3501 Fairfax Avenue

Arlington VA 22226

Phone: 214-673-7549

jtonkinson@fdic.gov

John Church

3501 Fairfax Drive

Arlington VA 22226

Phone: 703-516-1394

jchurch@fdic.gov

Case: 1:12-cv-05198 Document #: 604 Filed: 02/18/22 Page 2 of 4 PageID #:17793
EXHIBIT 1

Case: 1:12-cv-05198 Document #: 604 Filed: 02/18/22 Page 3 of 4 PageID #:17794
IN THE UNITED STATES DISTRICT COURT

FOR THE

NORTHERN DISTRICT OF ILLINOIS

Federal Deposit Insurance Corporation,

Plaintiff(s),

v.

Chicago Title Insurance Company, Chicago Title

And Trust Company,

Defendant(s).

Case No. 1:12-cv-05198

Judge Andrea R. Wood

JUDGMENT IN A CIVIL CASE

Judgment is hereby entered (check appropriate box):

and against defendant(s) Chicago Title Insurance Company and Chicago Title And Trust

Company in the amount of $1,445,643.56,

which includes pre–judgment interest.

does not include pre–judgment interest.

Post-judgment interest accrues on that amount at the rate provided by law from July 16, 2018.

Plaintiff(s) has fully recovered its costs of court in the amount of $53,270.69 from defendant(s).

in favor of defendant(s)and against plaintiff(s)

.

Defendant(s) shall recover costs from plaintiff(s).

other:

This action was (check one):

tried by a jury with Judge Andrea R. Wood presiding, and the jury has rendered a verdict.

tried by Judge Andrea R. Wood without a jury and the above decision was reached.

decided by Judge Andrea R. Wood on a motion

Date: __/__/2022 Thomas G. Bruton, Clerk of Court

/s/David Lynn, Deputy Clerk

Case: 1:12-cv-05198 Document #: 604 Filed: 02/18/22 Page 4 of 4 PageID #:17795