Kay v. Frerichs

2021 IL App (1st) 192271
CourtAppellate Court of Illinois
DecidedMay 28, 2021
Docket1-19-2271
StatusPublished
Cited by4 cases

This text of 2021 IL App (1st) 192271 (Kay v. Frerichs) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kay v. Frerichs, 2021 IL App (1st) 192271 (Ill. Ct. App. 2021).

Opinion

2021 IL App (1st) 192271

FIFTH DIVISION MAY 28, 2021

No. 1-19-2271

MELISSA KAY, on Behalf of Herself and ) Appeal from the a Class of All Others Similarly Situated, ) Circuit Court of ) Cook County. Plaintiff-Appellant, ) ) No. 18 CH 2119 v. ) ) MICHAEL W. FRERICHS, in His Official ) Honorable Capacity as Illinois State Treasurer, ) Pamela McLean ) Meyerson, Defendant-Appellee. ) Judge Presiding.

JUSTICE CUNNINGHAM delivered the judgment of the court, with opinion. Presiding Justice Delort and Justice Hoffman concurred in the judgment and opinion.

OPINION

¶1 The plaintiff-appellant, Melissa Kay, filed a putative class action complaint in the circuit

court of Cook County against Michael Frerichs, in his official capacity as Treasurer of the State of

Illinois, alleging that he was administering the Illinois College Savings Pool in an illegal manner.

The circuit court granted the Treasurer’s motion for summary determination and held that

sovereign immunity barred Ms. Kay from seeking any recovery against the Treasurer other than

prospective injunctive relief. The circuit court also denied Ms. Kay leave to amend her complaint.

Ms. Kay now appeals those rulings. For the following reasons, we affirm the judgment of the

circuit court of Cook County.

¶2 BACKGROUND

¶3 We begin with a brief summary of legislative history relevant to this matter. In 1996, 1-19-2271

Congress authorized the states to establish “qualified tuition plans,” commonly known as 529

plans, that allow individuals to make contributions to tax-free investment accounts in order to pay

for higher education. See 26 U.S.C. § 529 (2018). In 2000, the Illinois General Assembly passed

section 16.5 of the State Treasurer Act (Act) Pub. Act 91-607, § 5 (eff. Jan. 1, 2000) (adding 15

ILCS 505/16.5). Under section 16.5(b) of the Act, the Treasurer has the authority to establish and

administer college savings programs, in which he “may receive, hold, and invest moneys paid into

the Pool and perform such other actions as are necessary to ensure that the Pool operates as a

qualified tuition program.” 15 ILCS 505/16.5(b) (West 2018).

¶4 Pursuant to that statutory authority, the Treasurer’s office established two college savings

programs, which comprise the College Savings Pool (Pool): Bright Start and Bright Directions.

Bright Start is sold directly to, and managed by, participants; Bright Directions is sold to, and

managed by, investment advisors. Both Bright Start and Bright Directions are trusts with the

Treasurer serving as trustee, as the trust deeds name Illinois’s currently elected treasurer as the

trustee.

¶5 On February 16, 2018, Ms. Kay filed a putative class action complaint against the

Treasurer, explaining that she has been a participant in the Bright Start plan since 2013. 1 The

complaint alleged that the Treasurer improperly managed the Pool. The complaint contained five

counts: alleging breach of fiduciary duty (count I); alleging a constructive trust (count II); seeking

an accounting (count III); alleging unjust enrichment (count IV); and a mandamus action (count

V). Specifically, the complaint alleged that the Treasurer illegally charged fees against the Pool’s

assets rather than its earnings, illegally retained excess administrative fees that should have been

1 The complaint further explained that “[d]ue to recent changes in the *** Pool, [Ms.] Kay is currently a participant [in the Pool] through the Bright Directions plan.”

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returned to the participants, and illegally charged all administrative fees against fewer than all

investment funds, allowing some funds to incur no fees while others incur more than their share.

Ms. Kay averred that, therefore, the Treasurer had violated section 16.5 of the Act and financially

harmed the participants of the Bright Start and Bright Direction programs. For relief, Ms. Kay

sought:

“A. An order requiring an accounting of the income and expenses related to

the State Administrative Fee and Program Management Fee;

B. An order requiring the Treasurer to return to the participants, based on

their respective contributions, the State Administrative Fees and Program

Management Fees collected in excess of actual expenses;

C. An award of damages incurred as a result of the Treasurer illegally

withholding excess State Administrative Fees and Program Management Fees,

including any earnings that should have accrued on those excess amounts;

D. An order requiring the Treasurer to account for penalties collected;

E. An order requiring the Treasurer to return to the participants, based on

their respective payments of the State Administrative Fees, penalties collected in

excess of actual expenses as required by the Act;

F. An injunction requiring the Treasurer to include the amount collected as

penalties as income for determining the excess State Administrative Fees collected

as required by the Act;

G. An injunction requiring the Treasurer to return penalties collected to the

participants as required by the Act;

H. An injunction requiring the Treasurer to take Program Management and

-3- 1-19-2271

State Administrative Fees from earnings only as required by the Act, the

regulations, and the Declarations of Trust;

I. An injunction requiring the Treasurer to assess [the] State Administrative

Fee on all accounts and investment types as required by the Act;

J. An injunction requiring the Treasurer to not assess the State

Administrative Fee or Program Management Fee in any month where earnings

would not cover those fees as required by the Act; and

K. All other relief, including attorney’s fees and costs, to which Plaintiff

and the Class may be entitled.”

¶6 On July 6, 2018, the Treasurer filed a motion for summary determination of a major issue.

His motion asked the trial court to rule that sovereign immunity limited Ms. Kay’s recovery to

only prospective injunctive relief. He accordingly requested the trial court to strike paragraphs A-

G and K of the complaint’s request for relief.

¶7 In response, Ms. Kay argued that sovereign immunity was inapplicable to this case because

she was not seeking damages from state funds. She also filed a cross-motion for summary

determination of a major issue, asking the trial court to find that the Treasurer violated section 16.5

of the Act.

¶8 On October 25, 2018, Ms. Kay filed a motion for leave to amend her complaint. Her motion

explained that her proposed amended complaint would name the Treasurer in “both his official

and individual capacities,” which was “relevant to the sovereign immunity issue.” The trial court

denied her motion, noting that the Treasurer’s duty at issue in the case is a duty that he owes “only

because of his [S]tate employment.” The trial court further stated: “It’s unlike a duty to drive

carefully or to practice medicine without negligence or to practice law without the negligence. So

-4- 1-19-2271

my holding is that the source of duty is [the Treasurer’s] state employment and the proposed

amendment would not cure the defect.”

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