Legal Opinion

Aventine Renewable Energy, Inc. v. JP Morgan Securities, Inc.

Appellate Court of Illinois

Decided December 9, 2010No. 3-09-1019PublishedCited by 6 opinions

1Opinion of the CourtJustice Lytton

Presiding Justice Holdridge specially concurred, with opinion.

Justice Schmidt dissented, with opinion.

OPINION

Plaintiff Aventine Renewable Energy, Inc., invested in auction rate securities (ARS) from defendants JP Morgan Chase Bank, N.A., and JP Morgan Securities, Inc. (JP Morgan). After Aventine lost a considerable amount of money from its investment, it filed suit against JP Morgan. JP Morgan filed a motion to compel Aventine to submit to arbitration or, alternatively, to stay the litigation pending resolution of a class action filed against JP Morgan in New York. The trial court stayed the…

2Cases cited10 opinions

  1. Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
  2. People v. Philip Morris, Inc.Illinois Supreme Court · 2001
  3. Zurich Insurance v. Raymark Industries, Inc.Appellate Court of Illinois · 1991
  4. Marsh v. Illinois Racing BoardIllinois Supreme Court · 1997
  5. May v. SmithKline Beecham Clinical Laboratories, Inc.Appellate Court of Illinois · 1999

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3Cited by6 opinions

  1. Cholipski v. Bovis Lend Lease, Inc.Appellate Court of Illinois · 2014
  2. Guarantee Trust Life Insurance Co. v. Platinum Supplemental Insurance, Inc.Appellate Court of Illinois · 2017
  3. Guns Save Life, Inc. v. RaoulAppellate Court of Illinois · 2020
  4. Cholipski v. Bovis Lend Lease, Inc.Appellate Court of Illinois · 2014
  5. Messmore v. Silvis Operations, LLCAppellate Court of Illinois · 2018

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