AVENTINE RENEWABLE ENERGY v. JP MORGAN SECURITIES

No.3-09-1019.

AVENTINE RENEWABLE ENERGY, INC., Plaintiff-Appellant, v. JP MORGAN SECURITIES, INC. and JP MORGAN CHASE BANK, N.A., Defendants-Appellees.

Appellate Court of Illinois, Third District.

Filed December 9, 2010.


OPINION

JUSTICE LYTTON delivered the judgment of the court, with opinion.

Presiding Justice Holdridge specially concurred, with opinion.

Justice Schmidt dissented, with 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...

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