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

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 | 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