Opinion ID: 2110780
Heading Depth: 1
Heading Rank: 3

Heading: Daiwa Bank

Text: The Daiwa Bank, Limited (Daiwa), filed a mortgage foreclosure action on real property, held in trust, located in Carpentersville, Kane County, Illinois. La Salle National Trust, N.A., as trustee, and Lakes of Dundee Development Venture (the joint venture), as beneficial owner, were named as defendants. The action additionally sought damages for fraud and breach of contract against the joint venture and Monzer Hourani, Parsifal Corporation, Hourani Family Trust and Hourani International Corporation (the Hourani defendants), as guarantors of the mortgage loan. The Hourani defendants then filed a lender liability action in the State district court of Harris County, Texas, against Daiwa Bank and Coventry Development Associates Chicago, Limited (Coventry), a partner in the joint venture. Daiwa filed a motion in the Kane County circuit court to permanently enjoin the Hourani defendants from proceeding against Daiwa Bank in the Texas action. Daiwa's motion to enjoin was granted by the trial court and the Hourani defendants appealed to our appellate court. The appellate court reversed. (207 Ill.App.3d 1112, 178 Ill.Dec. 328, 604 N.E.2d 584 (order under Supreme Court Rule 23).) We allowed Daiwa's petition for leave to appeal (134 Ill.2d R. 315), ordering consolidation with Skyline's appeal. The Hourani defendants subsequently filed a motion to dismiss the appeal, which was taken with the case. We now deny the motion to dismiss the appeal. Furthermore, for reasons which follow, we affirm the decision of the appellate court, which reversed the trial court's grant of an injunction.