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GREER v. ADVANCED EQUITIES, INC.

No. 1-11-2458.

964 N.E.2d 772 (2012)

358 Ill. Dec. 103

Carl C. GREER and Thomas A. Floyd, Plaintiffs-Appellees, v. ADVANCED EQUITIES, INC., Keith Daubenspeck, and Dwight Badger, Defendant-Appellant.

Appellate Court of Illinois, First District, Second Division.

January 31, 2012.

Attorney(s) appearing for the Case

Michael Dockterman , John A. Luburic , Patrick C. Frye , Edwards Wildman Palmer LLP, Chicago, for Appellees.

John B. Simon , Howard S. Suskin , Mark D. Sokol , Jenner & Block LLP, Chicago, for Appellants.

OPINION

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

¶ 1 This appeal presents the following certified question:

"Where a purchaser of securities contractually agrees through a non-reliance clause that it is not relying on any oral representation made in connection with its purchase of the securities, is the purchaser barred as a matter of law from thereafter pleading in an action alleging common law fraud that it relied...

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