Illinois Protestant Children's Home v. Department of Public Welfare

How later courts describe this case

• insured corporation collaterally estopped from recovering where president, as "alter ego," convicted after full trial of conspiracy to commit grant theft, attempted grand theft, and filing of a false and fraudulent insurance claim
• “[The Defendant’s] error, if any, in trial strategy would no more defeat the plea of collateral estoppel than the failure of a litigant to introduce relevant available evidence in any other situation”
• honest belief in the ultimate success of venture does not justify false representations