Ottawa Savings Bank v. JDI Loans, Inc.
Appellate Court of Illinois
1Opinion of the CourtJustice Byrne
On April 4, 2005, plaintiffs, Ottawa Savings Bank (Ottawa); Flower Bank, FSB, f/k/a Umbrella Bank, FSB; West Town Savings Bank; and Lincoln State Bank, brought an action to recover compensatory and punitive damages against defendants, JDI Loans, Inc.; JDI Joliet, LLC, d/b/a JDI Loans, Inc.; Jeffrey Aeder; Kevin Connor; and David Rattner (collectively, defendants), for losses allegedly sustained from the improper sale of a portfolio of loans by Commercial Loan Corporation (CLC) to JDI Loans, Inc. In the complaint, plaintiffs alleged causes of action against defendants for conversion (count I),…
2Cases cited15 opinions
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- Boatmen's National Bank v. Direct Lines, Inc.Illinois Supreme Court · 1995
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