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PEREGRINE FINANCIAL GROUP, INC. v. MARTINEZ

No. 1-98-2331.

712 N.E.2d 861 (1999)

305 Ill. App.3d 571

238 Ill.Dec. 757

PEREGRINE FINANCIAL GROUP, INC., an Iowa Corporation Authorized to do Business in Illinois, Plaintiff-Appellee, v. Pedro MARTINEZ and Mariana Martinez, Defendants-Appellants (Robert Gruntz, Defendant).

Appellate Court of Illinois, First District, Second Division.

Rehearing Denied June 24, 1999.

Attorney(s) appearing for the Case

Laurel G. Bellows, Wendy A. Grossman, Bellows and Bellows, P.C., Chicago, for Appellee.

Francis J. Leyhane III, Boyle & Leyhane, Ltd., Chicago, for Appellant.

Presiding Justice GORDON delivered the opinion of the court:

Peregrine Financial Group, Inc. (Peregrine), a commodity brokerage business, filed the instant action against Pedro Martinez, Mariana Martinez, and Robert Gruntz. Count I, against the Martinezes, alleged breach of a customer account agreement and sought recovery of a margin deficit relative to the Martinezes' customer account. Count II, against the Martinezes and Gruntz, the Martinezes' agent, alleged fraud...

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