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TIMMRECK v. MUNN

No. 76 C 2045.

433 F.Supp. 396 (1977)

Wendy TIMMRECK et al., Plaintiffs, v. Patrick MUNN et al., Defendants.

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

January 7, 1977.

Attorney(s) appearing for the Case

Thomas P. Young, Wotan, Muscarello & Crisanti, Elgin, Ill., for plaintiffs.

Robert H. Wheeler and Donald J. McLachlan, Isham, Lincoln & Beale, Chicago, Ill., for defendant 15 and American Standard, Inc.

Robert J. Oliver, Thomas E. Laughlin, Connolly, Oliver, Goddard, Coplan & Close, Rockford, Ill., for defendants 1, 2, 3, 7, 9, 10, 13, 14, Whetstone, W. L. Belvedere, Lorenz, Jr. and Taylor.

Kurt L. Schultz, Winston & Strawn, Chicago, Ill., for defendant Independence Mortgage Trust.

Patrick W. O'Brien, Alan R. Borlack, Mayer, Brown & Platt, Chicago, Ill., for defendant Continental Ill. Nat. Bank.

Leon J. Garrie, Los Angeles, Cal., for defendants 1, 2, 3, 7, 8, 10, 13, 14 and Whetstone.

MEMORANDUM OPINION

DECKER, District Judge.

I. Background of the Case

The 328 plaintiffs in this case allege that they have been defrauded in their purchases of lots in Candlewick Lake Subdivision during the years 1971 through 1973. They assert that they were led to believe by means of the defendants' advertising, financial statements, statement of record filed pursuant to the Interstate Land Sales Act, and other representations, that their...

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