Martin v. Heinold Commodities, Inc.

Plaintiff, John R. Martin, on his own behalf and on behalf of all others similarly situated (the Class), brought this class action in the circuit court against defendant, Heinold Commodities, Inc., seeking declaratory and injunctive relief, an accounting and monetary damages resulting from the payment of certain fees in connection with the purchase of London commodity options (LCO’s) through defendant. In 1982, the trial court granted the Class’ motion for summary judgment and entered judgment in favor of the Class and against defendant in the amount of $2,187,167.32. On appeal, this court…