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SEIP v. ROGERS RAW MATERIALS FUND, L.P.

No. 1-10-1440.

948 N.E.2d 628 (2011)

408 Ill. App.3d 434

Tom D. SEIP and Alexa C. Seip, Cotrustees of the Tom and Alexa Seip Living Trust, Clarence Ridley and Eleanor Ridley, On Their Own Behalf and On Behalf of All Others So Situated, Plaintiffs-Appellants, v. ROGERS RAW MATERIALS FUND, L.P., an Illinois Limited Partnership; Beeland Management Company, L.L.C., an Illinois Limited Liability Company and General Partner of The Rogers Raw Materials Fund, and James Beeland Rogers, Jr., an Individual, Defendants-Appellees.

Appellate Court of Illinois, First District, Fourth Division.

March 10, 2011.

Attorney(s) appearing for the Case

Leigh R. Lasky , Amelia S. Newton , Norman Rifkind , Lasky & Rifkind, Ltd., Chicago, IL., A. Stephens Clay , Stephen E. Hudson , Kilpatrick Stockton LLP, Everette L. Doffermyre , Doffermyre, Shields, Canfield, & Knowles, LLC, Atlanta, GA, for Plaintiffs-Appellants.

Aaron Rubinstein , Kaye Scholer LLP, New York, NY, Anthony G. Stamato , Robert M. Spalding , Kaye Scholer LLP, Chicago, IL, for Defendant/Appellee James B. Rogers, Jr.

Thomas K. Cauley, Jr. , Matthew B. Kilby , Claire M. Korenblit , Sidley Austin LLP, Chicago, IL, for Defendants/Appellees Beeland Mgmt. Co., LLC & The Rogers Raw Materials Fund, L.P.

OPINION

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

I. BACKGROUND

Here, we consider an appeal filed by disgruntled investors after their complaint against two investment funds and one individual was dismissed by the trial court. For the reasons discussed below, we affirm the judgment of the circuit court in all respects.

A. Parties Involved

The underlying...

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