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JJR, LLC v. TURNER

No. 1-14-3051.

58 N.E.3d 788 (2016)

2016 IL App (1st) 143051

JJR, LLC; Blair Fredrich Ira and Blair Friedrich as owner-beneficiary, Daniel C. Idzal, Jaimie Kline, Anne K. Morningstar 2006 Revocable Trust, Leslie Morningstar Irrevocable Trust USAD 12-11-98, Madison R. Morningstar Revocable Trust DTD 118-90, Barbara Kline Herman, John Morningstar 5-21-75 Trust, Molly Gerbaz 5-21-75 Trust, Pemaquid Point Investment Company, LLC, Special People In Need, The Schweppe Foundation, Gary H. Kline, Gary H. Kline Ira Rollover and Gary H. Kline as owner-beneficiary, Joseph R. and Martha M. Membrino, Russ M. Herman, Andrew E. Kline Sep Ira and Andrew E. Kline as owner-beneficiary, Theresa L. Kline Ira and Theresa L. Kline as owner-beneficiary, Negar Alimamaghani, Massad & Massad Investments, Ltd., Thomas E. Callahan, Frank W. Brazitas, David B. Scott, Peter Craig Wood, R.H. Strickler, Duncan W. Campbell, Hopkins Investment Limited Partnership, The Chase Foundation of Virginia, DS & S Chase, LLC, The Stuart F. Chase 2001 Revocable Trust, The D. Sumner Chase, III 2001 Irrevocable Trust, Stuart F. Chase, James L. Jessup, Jr., Plaintiffs-Appellants, v. Willliam J. TURNER, Signature Capital LLC, Signature Capital Securities LLC, William G. Fraine, Stephen A. Cone, Jon Guyatt and Hugh E. Sawyer, Defendants-Appellees.

Appellate Court of Illinois, First District, Fourth Division.

June 30, 2016.

Attorney(s) appearing for the Case

Elizabeth Hoskins Dow and Kimberly A. Fladhammer, both of Bailey & Glasser, LLP, of Joliet, and James R. Swanson and Alysson L. Mills, both of Fishman Haygood Phelps Walmsley Willis & Swanson, LLP, of New Orleans, Louisiana, for appellants.

Michael I. Leonard and Ethan E. White, both of Leonard Law Offices, Inc., of Chicago, for appellees.

OPINION

¶ 1 This case arises from a dispute between plaintiffs, JJR, LLC, et al., and defendants William J. Turner, et al., which involved defendants' alleged inducement of plaintiffs to invest in Eggs Overnight, Inc. (Eggs), a start-up company, based on...

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