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SMITH v. CHICAGO CORP.

No. 82 C 7492.

566 F.Supp. 66 (1983)

Charles W. SMITH and Tyrone D. Smith, Plaintiffs, v. The CHICAGO CORPORATION, Defendant.

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

April 18, 1983.

Attorney(s) appearing for the Case

David Bortman, Bortman, Retson & Lipschultz, Chicago, Ill., for plaintiffs.

Robert Radasevich, Bell, Boyd & Lloyd, Chicago, Ill., for defendant.

Memorandum

LEIGHTON, District Judge.

This action is brought pursuant to Section 10 of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), Rule 10b-5, promulgated thereunder, and Section 12, Subdivision G of the Illinois Securities Act, Ill.Rev.Stat. ch. 121½ § 137.12. Plaintiffs Tyrone and Charles Smith opened securities accounts with the defendant Chicago Corporation in October and December of 1981, respectively. They allege that defendant...

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