[Download] "John R. Martin v. Heinold Commodities" by Supreme Court of Illinois # Book PDF Kindle ePub Free
eBook details
- Title: John R. Martin v. Heinold Commodities
- Author : Supreme Court of Illinois
- Release Date : January 22, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 97 KB
Description
JUSTICE NICKELS delivered the opinion of the court: Defendant, Heinold Commodities, Inc., appeals from an appellate court decision affirming in part and reversing in part a
judgment entered for plaintiffs andagainst defendant. Plaintiff filed a four-count complaint against Heinold for breach of
fiduciary duty and violation of the Consumer Fraud and Deceptive Business Practices Act (Consumer Fraud Act) (Ill. Rev. Stat.
1979, ch. 121, par. 261 et seq.). Plaintiffs suit alleged that Heinold had misrepresentated the nature of a "foreign service
fee" in the sale of London Commodity Options (LCO's) to class members from September 12, 1977, through May 31, 1978. On remand
from this court in a previous appeal, the trial court found for the plaintiff class (hereinafter, plaintiffs) on both the
breach of fiduciary counts and Consumer Fraud Act counts. The trial court also awarded plaintiffs punitive damages and prejudgment
interest under both claims. The appellate court affirmed the award of compensatory damages, but reversed the award of punitive
damages under both claims. The appellate court also reversed the award of prejudgment interest under the Consumer Fraud Act.
We granted leave to appeal (134 Ill. 2d R. 315).