Santa Claus Industries, Inc. v. First National Bank

Plaintiff, Santa Claus Industries, Inc. (SCI), appeals from the trial court’s order which granted the section 2 — 619 motion (Ill. Rev. Stat. 1989, ch. 110, par. 2 — 619) filed by defendant, the First National Bank of Chicago (FNBC), dismissing, with prejudice, SCI’s complaint for accounting and discovery. On appeal, SCI contends that: (1) the trial court incorrectly found that SCI’s accounting action had accrued in 1978 and, thus, was barred by the five-year statute of limitations; and (2) FNBC had fraudulently concealed facts from SCI, thereby tolling the running of the limitations period.…