The lawsuit involves Tom Edson and Chestnut Investment 1, LLC (Plaintiffs) against David Horwich and HomeServices of Illinois, LLC D/B/A Berkshire Hathaway Home Services Koenig Rubloff Realty Group (Defendants). The case was filed in the Appellate Court of Illinois, First District with the court case ID No. 1-22-1877 on March 8, 2024. The lawsuit revolves around multiple claims arising from a real estate transaction.
Tom Edson sought to purchase an investment property in Chicago in November 2012. The promotional materials created by David Horwich, a licensed real estate broker employed by HomeServices, described the property as perfect for commercial uses such as a grocery store or fitness center. However, it was later discovered that the property was zoned for residential use only.
The plaintiffs alleged that this misinformation led to substantial financial losses as they were unable to lease the property for commercial use as initially intended. They argue that the zoning issue significantly diminished the property's value which they had purchased for $600,000 from owners LINVIC, LLC.
The plaintiffs are seeking judgment and damages based on multiple theories of liability including fraud and negligent misrepresentation against both defendants. They also claim violations of the Consumer Fraud Act and Real Estate License Act against the defendants. The circuit court is asked to consider these allegations and provide appropriate remedies.
