RITCHIE CAPITAL MGT. v. MCGLADREY & PULLEN

No. 1-18-0806.

155 N.E.3d 597 (2020)

2020 IL App (1st) 180806

RITCHIE CAPITAL MANAGEMENT, LLC; Ritchie Capital Management, Secz, Ltd.; Rhone Holding II, Ltd.; Ritchie Multi-Strategy Trading, Ltd.; Ritchie Multi-Strategy Global, Ltd.; Ritchie Multi-Strategy Global Trading, Ltd.; Ritchie Multi-Strategy Global Trading LLC.; Ritchie Multi-Strategy (Cayman), Ltd.; Ritchie Structured Multi-Manager, Ltd.; Ritchie Multi-Manager Trading, Ltd.; RCM Aries Holding, Ltd.; Ritchie RML Trading, Ltd.; and RTL Options, Ltd., Plaintiffs-Appellants, v. MCGLADREY & PULLEN, LLP; RSM McGladrey, Inc.; Simon Lesser and Harold Alan Katz, Defendants (McGladrey & Pullen, LLP, RSM McGladrey, Inc., and Simon Lesser, Defendants-Appellees).

Appellate Court of Illinois, First District, Third Division.

Rehearing denied April 29, 2020.


Attorney(s) appearing for the Case

William P. Hardy , of Hinshaw & Culbertson, LLP, of Springfield, and B. Jay Dowling , of Clayborne, Sabo & Wagner, LLP, of Belleville, for appellants.

Anand C. Mathew , of Palmersheim & Mathew LLP, of Chicago, and Joseph M. Terry (pro hac vice), Katherine M. Turner (pro hac vice), and Jessica L. Pahl (pro hac vice), of Williams & Connolly LLP, of Washington, D.C., for appellees.


OPINION

¶ 1 Plaintiffs appeal the circuit court's order dismissing their nine-count complaint against defendants for accounting malpractice as time barred under the statute of limitations. Plaintiffs assert that they could not file their accounting malpractice claim...

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