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LA SALLE NAT. BANK v. ARTHUR ANDERSEN & CO.

Nos. 80 C 1249, 80 C 1250 and 80 C 2104.

531 F.Supp. 702 (1982)

LA SALLE NATIONAL BANK, Plaintiff, v. ARTHUR ANDERSEN & CO., et al., Defendants. BANK OF CALIFORNIA, Plaintiff, v. ARTHUR ANDERSEN & CO., et al., Defendants. The FIRST PACIFIC BANK OF CHICAGO, Plaintiff, v. ARTHUR ANDERSEN & CO., et al., Defendants.

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

February 5, 1982.

Attorney(s) appearing for the Case

James Spiotto, Ann Acker and Frederick V. Lochbihler, Chapman & Cutler, Chicago, Ill., for LaSalle Bank and Bank of California.

Richard O. Briggs Baker & McKenzie, Chicago, Ill., for First Pac. Bank of Chicago.

Charles W. Boand, Robt. F. Forrer, Quinton F. Seamans and Leonard S. Shifflett, Wilson & McIlvaine, Chicago, Ill., for Arthur Anderson & Co.

John E. McCullough, Peterson, Ross, Schloerb & Seidel, Chicago, Ill., for Coopers & Lybrand.

Susan Getzendanner, Stanley J. Parzen, Mayer, Brown & Platt, Chicago, Ill., for Alexander Grant & Co.

ORDER

BUA, District Judge.

Before the court are defendants' motions to dismiss. The plaintiffs, two national banking associations and one Illinois banking corporation, have charged each of the three defendant accounting firms, Arthur Andersen & Co., Coopers & Lybrand, and Alexander Grant & Co., with violating sections 10(b) and 18 of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78r, and sections 12(2) and 17(a) of the...

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