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ETSHOKIN v. TEXASGULF, INC.

No. 82 C 6286.

612 F.Supp. 1220 (1985)

Jerry ETSHOKIN and Beem Corporation, Plaintiffs, v. TEXASGULF, INC., Canada Development Corporation, and H. Anthony Hampson, Defendants.

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

June 3, 1985.

Attorney(s) appearing for the Case

William V. Johnson, Pamela L. Gellen and Andrea J. Barron, Johnson, Cusack & Bell, Ltd., Chicago, Ill., for plaintiffs.

Alan N. Salpter and James D. Brusslan, Mayer, Brown & Platt, Chicago, Ill., P.B. Konrad Knake, White & Case, New York City, for defendant Texasgulf, Inc.

Edward L. Foote, Stephen C. Schulte and John W. Stack, Winston & Strawn, Chicago, Ill., Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendants Canada Development Corp. and H. Anthony Hampson.

MEMORANDUM OPINION

PRENTICE H. MARSHALL, District Judge.

Plaintiffs, in their Revised Third Amended Complaint, charge defendants in five counts with alleged violations of the securities laws and regulations. Defendants have moved for summary judgment on two separate grounds. We will begin with the motion for summary judgment filed by Texasgulf, Inc. (Texasgulf).

I.

Plaintiffs charge Texasgulf with making four statements which were misleading...

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