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PIELET v. HIFFMAN

No. 1-09-2440.

948 N.E.2d 87 (2011)

407 Ill. App.3d 788

Melissa S. PIELET, Individually and on Behalf I.B.P Limited Partnership and TB Limited Partnership, Plaintiff, v. Dennis J. HIFFMAN, E. Thomas Collins, Jr., Richard E. Hulina, and Daniel G. Anderson, Defendants (John E. Shaffer, Third-Party Defendant; John F. Girsch, Edward Zifkin, Mark Munaretto, and Mark Wheeles, Individually and Derivatively on Behalf of TB Limited Partnership; and Mark Munaretto and William Skrzelowski, Individually and Derivatively on Behalf of I.B.P. Limited Partnership, Intervening Plaintiffs-Appellants; Dennis J. Hiffman, John E. Shaffer, E. Thomas Collins, Jr., Daniel G. Anderson, and Richard E. Hulina, Defendants-Appellees).

Appellate Court of Illinois, First District, Fourth Division.

January 20, 2011.

Attorney(s) appearing for the Case

Edward T. Joyce , Robert D. Carroll , Edward T. Joyce & Associates, P.C., Chicago, IL, for Intervening-Plaintiffs/Appellants.

Bennett W. Lasko , Aruna B. Subramanian , Drinker Biddle & Reath LLP, Chicago, IL, for Defendants/Appellees.

OPINION

Justice LAVIN delivered the judgment of the court, with opinion.

This appeal stems from real estate partnerships that were formed nearly two decades ago to develop shopping centers in two suburbs largely financed through tax increment financing (TIF) bonds. This matter was litigated in the Chancery Division of the Circuit Court of Cook County for more than eight years and appellants-intervenors' cause of action was dismissed in two separate orders...

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