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LEASE MGT. EQUIPMENT v. DFO PARTNERSHIP

Nos. 1-08-1033, 1-08-1199.

910 N.E.2d 709 (2009)

LEASE MANAGEMENT EQUIPMENT CORPORATION, a Delaware corporation, Plaintiff-Appellant, v. DFO PARTNERSHIP, a partnership organized under the laws of the State of California; Security Pacific Leasing Corporation, a Delaware corporation; and Ford Motor Credit Company, a Delaware corporation, Defendants-Appellees. Lease Management Equipment Corporation, Plaintiff-Appellee, v. Bell Atlantic Tricon Leasing Corporation, Defendant-Appellant.

Appellate Court of Illinois, First District, Second Division.

Rehearing Denied July 10, 2009.

Attorney(s) appearing for the Case

Law Office of Harvey J. Barnett, of Chicago. Gerald B. Mulin, of Chicago. Sperling & Slater, of counsel, for Plaintiff-Appellant/Plaintiff-Appellee.

Greenberg Trauric, LLP, Chicago. Kevin D. Finger, Gregory E. Ostfeld and Collin B. Williams, of counsel, for Defendant-Appellant.

Mayer Brown LLP, Chicago. Howard J. Roin, Joshua D. Yount, Debra Bogo-Ernst & Sarah E. Rauh, of counsel, for Defendants-Appellees.

Justice HOFFMAN delivered the opinion of the court:

In these consolidated appeals, we consider whether the plaintiff, Lease Management Equipment Corporation (LMEC), was entitled to collect remarketing fees from the defendants, DFO Partnership, Security Pacific Leasing Corporation, Ford Motor Credit Company (collectively, DFO), and Bell Atlantic TriCon Leasing Corporation (TriCon), pursuant to three Amended Remarketing Agreements. These contracts, which were executed...

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