OTTAWA SAV. BANK v. JDI LOANS, INC.

No. 2-06-0671.

871 N.E.2d 236 (2007)

OTTAWA SAVINGS BANK, Plaintiff-Appellant, v. JDI LOANS, INC.; JDI Joliet, LLC, d/b/a JDI Loans, Inc.; Jeffrey Aeder; Kevin Connor; and David Rattner, Defendants-Appellees (Flower Bank, FSB, f/k/a Umbrella Bank, FSB; West Town Savings Bank; and Lincoln State Bank, Plaintiffs).

Appellate Court of Illinois, Second District.

June 25, 2007.


Attorney(s) appearing for the Case

David K. Welch, Arthur G. Simon, Jeffrey C. Dan, Crane, Heyman, Simon, Welch & Clar, Chicago, for Ottawa Savings Bank.

Gary I. Blackman, Levenfeld Pearlstein, LLC, Chicago, for Jeffrey Aeder, Kevin Connor, JDI Joliet LLC, JDI Loans Inc., David Rattner.


Justice BYRNE delivered the opinion of the court:

On April 4, 2005, plaintiffs, Ottawa Savings Bank (Ottawa); Flower Bank, FSB, f/k/a Umbrella Bank, FSB; West Town Savings Bank; and Lincoln State Bank, brought an action to recover compensatory and punitive damages against defendants, JDI Loans, Inc.; JDI Joliet, LLC, d/b/a JDI Loans, Inc.; Jeffrey Aeder; Kevin Connor; and David Rattner (collectively, defendants), for losses allegedly sustained from the improper sale...

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