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AUSTAD v. DREXEL BURNHAM LAMBERT, INC.

No. 85C9759.

638 F.Supp. 480 (1986)

Oscar AUSTAD, Plaintiff, v. DREXEL BURNHAM LAMBERT, INC., Defendant.

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

March 27, 1986.

Attorney(s) appearing for the Case

Joseph E. Coughlin, M. Nicole Marcey, Shelley L. Rice, Lord, Bissell & Brook, Chicago, Ill., for plaintiff.

Steven L. Bashwiner and Mary Ellen Hennessy, Katten, Muchin, Zavis, Pearl Greenberger & Galler, Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

ANN C. WILLIAMS, District Judge.

In March 1982, plaintiff, Oscar Austad, opened a trading account with defendant, Drexel Burnham Lambert, Inc., on his own behalf. Plaintiff continued as a customer of defendant until about November 1984. On November 19, 1985, plaintiff filed a complaint against defendant seeking recovery for losses allegedly incurred as a result of defendant's fraudulent conduct in connection with trades in Austad...

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