Grot v. First Bank of Schaumburg

PRESIDING JUSTICE GREIMAN

delivered the opinion of the court:

Ziggy Grot (plaintiff) alleges in count II of his complaint that First Bank of Schaumburg (defendant or the bank), as land trustee, breached a fiduciary duty owed to plaintiff by executing a note and mortgage encumbering the trust property pursuant to an allegedly forged letter of direction generated by plaintiff’s business partner, Mark Andrzejewski (Andrzejewski).

The trial court entered summary judgment in defendant’s favor, finding that, regardless of any breach, plaintiff suffered no damages cognizable at law. Plaintiff appeals,…