Buttitta v. Newell

Plaintiff, Joseph J. Buttitta, appeals from the circuit court of Cook County’s dismissal of his amended complaint against defendant, Arthur L. Newell, an attorney. Plaintiff’s complaint sought recovery of damages allegedly resulting from defendant’s negligence in failing to advise plaintiff that, under the Interest Act (Ill. Rev. Stat. 1979, ch. 74, par. 1 et seq.), the “points” plaintiff charged on a residential mortgage loan to Catherine Saskill were treated as part of the interest rate charged on such loans in determining whether the loan was usurious. Saskill sued plaintiff for violation…