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ONESTI v. THOMSON McKINNON SECURITIES, INC.

No. 85 C 4375.

619 F.Supp. 1262 (1985)

Joseph ONESTI, Anna Onesti, and J. Onesti & Sons, Inc., an Illinois corporation, Plaintiffs, v. THOMSON McKINNON SECURITIES, INC., Richard M. Harris and Touche Ross & Co., Defendants.

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

October 7, 1985.

Attorney(s) appearing for the Case

Edward A. Berman, Jerome J. Roberts, Kathleen C. White, Berman, Roberts & Kelly, Chicago, Ill., for plaintiffs.

James E. Beckley, Richard S. Schultz, James E. Beckley & Associates, Chicago, Ill., for defendants Thomson McKinnon and Richard M. Harris.

Francis J. Higgins, John W. Rotunno, Thomas L. Fink, Bell, Boyd & Lloyd, Chicago, Ill., for defendant Touche Ross.

MEMORANDUM ORDER

BUA, District Judge.

Before the Court is defendants' motion to dismiss plaintiffs' complaint for compensatory damages. Plaintiffs allege numerous theories of recovery, including violations of the Racketeer Influenced and Corrupt Organization Act ("RICO"), 18 U.S.C. § 1962(c); the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (the 1934 Act); the Securities Act of 1933 (the 1933 Act), 15 U.S.C. § 77q(a); and the Illinois...

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