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CENTER PARTNERS, LTD. v. GROWTH HEAD GP

No. 1-11-0381.

957 N.E.2d 496 (2011)

354 Ill. Dec. 180

CENTER PARTNERS, LTD., Urban-Water Tower Associates, Miami Associates, L.P., and Old Orchard Limited Partnership, All Illinois Limited Partnerships, Individually and Derivatively on behalf of Urban Shopping Centers, L.P., Plaintiffs-Appellees, v. GROWTH HEAD GP, LLC, Westfield America Limited Partnership, Westfield America, Inc., Westfield America Trust, Rouse-Urban, LLC, TRCGP, Inc., The Rouse Company, L.P., The Rouse Company, Rouse LLC, GGP L.P. and General Growth Properties, Inc., Defendants-Appellants (Urban Shopping Centers, L.P., Head Acquisition L.P., SPG Head GP, LLC, Simon Property Group, LP, and Simon Property Group, Inc., Defendants).

Appellate Court of Illinois, First District, Second Division.

August 30, 2011.

Attorney(s) appearing for the Case

Tabet DiVito & Rothstein ( Gino L. DiVito , Karina Zabicki DeHayes , Brian C. Haussman, of counsel); Debevoise & Plimpton LLP, New York, NY ( John S. Kiernan , Carl Riehl , William H. Taft V , of counsel), for Appellant Growth Head GP, LLC, Westfield America Limited Partnership, Westfield America, Inc., Westfield America Trust.

Grippo & Elden LLC ( Lynn H. Murray , Laura K. McNally , Pei Y. Chung , of counsel); Weil, Gotshal & Manges LLP, New York, NY ( David Lender , admitted pro hac vice, of counsel); Weil, Gotshal & Manges LLP, Boston, MA ( Thomas C. Frongillo , admitted pro hac vice, Ardith M. Bronson , admitted pro hac vice, of counsel), for Appellant Rouse-Urban, LLC, TRCGP, Inc., The Rouse Company, L.P., The Rouse Company, Rouse LLC, GGP L.P. and General Growth Properties, Inc.

Kirkland & Ellis LLP ( Jeffrey L. Willian , Alyssa A. Qualls , S. Maja Fabula , of counsel), for Appellee.

OPINION

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

¶ 1 Defendants Growth Head GP, LLC, Westfield America Limited Partnership, Westfield America, Inc., Westfield America Trust, Rouse-Urban, LLC, TRCGP, Inc., The Rouse Company, L.P., The Rouse Company, Rouse LLC, GGP L.P. and General Growth Properties, Inc., appeal from the circuit court's order in favor of plaintiffs Center Partners, Ltd., Urban-Water Tower Associates, Miami...

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