Illinois Court Upholds Toss Of Malicious-Prosecution Claim
By Lauraann Wood (May 11, 2022, 6:25 PM EDT) -- A Chicago development company was properly blocked from pursuing malicious-prosecution claims against a developer accused of manufacturing litigation to delay closing obligations in a $55 million real estate deal involving a historic Chicago skyscraper, an Illinois appellate panel said Tuesday.
A three-judge panel of the First District Appellate Court said 55 East Washington LLC's malicious-prosecution claim was properly tossed because the company had not demonstrated that it suffered special damages from having to litigate issues that the developer, Adam David Lynd, raised. The development company claimed that Lynd filed the lawsuit only to delay the deadline for escrow funding obligations in...
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