The Henderson Square Condominium Association v. LAB Townhomes, LLC
(Modified upon denial of rehearing 1/28/16.) Plaintiff condominium association and its elected board of managers filed sued various development companies for construction project, alleging breach of implied warranty of habitability, fraud, negligence, breach of Chicago Municipal Code's prohibition against misrepresenting material facts in marketing and selling real estate, and breach of fiduciary duty. Allegations of complaint were sufficient to raise question of fact as to time when Plaintiffs knew or reasonably should have known that their injury was wrongfully caused. As to breach of fiduciary duty count, questions presented are questions of fact, and allegations are sufficient to state a cause of action. Complaint adequately alleged fiduciary duty in connection with fraudulent concealment doctrine, and question of fact remains as to whether Defendants' failure to speak about construction deficiencies or to adequately fund reserve fund, along with other alleged misrepresentations, was fraudulent concealment to invoke exceptions to statute of limitations and of repose.(GARMAN, KILBRIDE, and THEIS, concurring; BURKE, FREEMAN, and KARMEIER, dissenting.)