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BASTIAN v. PETREN RESOURCES CORP.

No. 1-92-4449.

648 N.E.2d 165 (1995)

271 Ill. App.3d 232

207 Ill.Dec. 709

R. Richard BASTIAN, III; B.P. Loughridge, M.D., Ronald D. Rotunda, Marcia Rotunda, General Synergy Investments, an Oklahoma Corporation, Gabriel Fernandez; J. Mahar, CMF Associates, an Illinois partnership, Alfred J. Hendron, Jr. and M.T. Davisson, Plaintiffs-Appellants, v. PETREN RESOURCES CORPORATION, an Illinois Corporation; Faestel Investments, Inc., an Illinois Corporation, David J. Faestel, and McDermott, Will & Emery, a partnership, Defendants-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

February 24, 1995.

Attorney(s) appearing for the Case

Nisen & Elliott, Chicago (Michael H. Moirano, Patricia S. Spratt and Daniel P. Dawson, of counsel), for appellants.

O'Connor & Kelly, Chicago (William J. O'Connor and Roger J. Kelly, of counsel), for appellees Petren Resources Corp., Faestel Investments and David J. Faestel.

Novack and Macy, Chicago (Stephen Novack and Donald Tarkington, of counsel), for appellees McDermott, Will & Emery.

Justice ZWICK delivered the opinion of the court:1

This is an appeal from the trial court's dismissal of plaintiffs' Second Amended Complaint pursuant to section 2-615 of the Code of Civil Procedure (735 ILCS 5/2-615 (West 1992)). Plaintiffs' appeal is brought pursuant to Supreme Court Rule 301 (134 Ill.2d R. 301).

Plaintiffs were purchasers of oil and gas limited partnership interests ("the partnerships") and originally brought...

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