FREECREST INVESTMENTS, LLC v. PRIVATEBANK AND TRUST CO.

No. 10 C 8235.

FREECREST INVESTMENTS, LLC, DONALD J. KINSELLA and JULIE KINSELLA, Plaintiffs, v. THE PRIVATEBANK AND TRUST CO., THE FOUNDERS BANK and THE FOUNDERS GROUP, INC., Defendants. THE PRIVATEBANK AND TRUST CO., Cross-Plaintiff, v. FREECREST INVESTMENTS, LLC; CCL CORP.; BEST CONSTRUCTION SERVICES, INC. d/b/a G & J SERVICES GROUP, INC.; OAK LAWN BLACKTOP PAVING CO., INC.; TIMM ELECTRIC, INC.; REGER DEVELOPMENT, LLC; MIDWEST FIRE SUPRESSION, INC.; CUSTOM COLOR CORP., INC.; EXPRESS SIGNS AND LIGHTING MAINTENANCE, INC.; ALPINE CONCRETE, INC.; ADELMANN CONSTRUCTION INC.; MINOOKA GRAIN, LUMBER & SUPPLY INC.; K.G. BUILDERS, INC.; SINNOT ENGINEERING, P.C.; JONES BUILDING PRODUCTS, LLC; UNKNOWN OWNERS AND NON-RECORD CLAIMANTS, Cross-Defendants.

United States District Court, N.D. Illinois, Eastern Division.

July 15, 2011.


MEMORANDUM OPINION AND ORDER

RONALD A. GUZMAN, District Judge.

On January 22, 2010, plaintiff/cross-defendant Freecrest Investments, LLC ("Freecrest") filed a complaint in the Circuit Court of Will County, Illinois alleging breach of contract against defendant/counter-plaintiff The PrivateBank and Trust Company ("PrivateBank") for failing to complete the funding of a construction loan. On March 2, 2010, defendant PrivateBank filed...

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