People Ex Rel. White v. Travnick

PRESIDING JUSTICE O’MALLEY

delivered the opinion of the court;

The State sued defendants for violations of the Illinois Securities Law of 1953 (Securities Law) (815 ILCS 5/1 et seq. (West 2002)) and sought a preliminary injunction freezing defendants’ assets, including the proceeds of life insurance policies held in the name of the late Randall Travnick (Randall) with his wife Janice Travnick (Janice) as beneficiary. The trial court granted the injunction with respect to all assets except Janice’s, finding that the State failed to establish a prima facie case that Janice committed securities…