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ALLEN v. MAINWAY FINANCIAL CORP.

No. 76 C 2426.

446 F.Supp. 26 (1977)

Raymond J. ALLEN, Plaintiff, v. MAINWAY FINANCIAL CORPORATION, an Illinois Corporation, North Bank, an Illinois Banking Association, the Drovers National Bank, a National Banking Association, Gerard C. Specht, Michael J. Whelan, and William N. Reib, Defendants.

United States District Court, N. D. Illinois, E. D.

September 29, 1977.

Attorney(s) appearing for the Case

Sherwin D. Abrams, John C. Stiefel of Solomon, Rosenfeld, Elliott, Stiefel & Engerman, Chicago, Ill., for plaintiff.

Matthew J. Iverson, Chicago, Ill., for defendant North Bank; Moses, Gibbons, Abramson & Fox, Chicago, Ill., of counsel.

MEMORANDUM OPINION

MAROVITZ, Senior District Judge.

Motion for Partial Summary Judgment

Plaintiff Raymond J. Allen ("Allen") initiated this action against the named defendants alleging that the defendants engaged in a conspiracy violative of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78a et seq., in connection with the sale to plaintiff of subordinated debenture notes and stock of Mainway Financial Corporation in...

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