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PRODROMOS v. EVEREN SECURITIES, INC.

No. 1-06-3685.

906 N.E.2d 599 (2009)

John PRODROMOS, Plaintiff-Appellant, v. EVEREN SECURITIES, INC., a Delaware Corporation, Principal Financial Securities, a dissolved Delaware Corporation, and Daniel L. Westrope, Defendants-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

March 20, 2009.

Attorney(s) appearing for the Case

George B. Collins, Christopher Bargione; Collins, Bargione & Vuckovich; Chicago, IL, for Appellant.

Edward D. Shapiro, John H. Ward, Joanne A. Sarasin; Much Shelist Deneberg Ament & Rubenstein, PC; Chicago, IL, for Everen Securities, Inc. and Principal Financial Securities.

Steven M. Malina; Morgan Lewis & Bockius LLP; Chicago, IL, for Daniel L. Westrope.

Presiding Justice O'MALLEY delivered the opinion of the court:

Plaintiff John Prodromos filed a complaint against defendants Everen Securities, Inc. (Everen), Principal Financial Securities (Principal), Daniel Westrope, and Dennis Klaeser,1 alleging, inter alia, breach of fiduciary duty and constructive fraud related to plaintiff's attempted acquisition of Home Federal Savings Bank (Home Federal).2 Following...

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