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AMBLING v. BLACKSTONE CATTLE CO., INC.

No. 86 C 6485.

650 F.Supp. 170 (1987)

David and Donna AMBLING, et al., Plaintiffs, v. BLACKSTONE CATTLE COMPANY, INC., an Illinois corporation; James D. Scott; T.L. Morrison; James M. Livergood; and Stephen J. Schlegel, Defendants.

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

January 8, 1987.

Attorney(s) appearing for the Case

Eugene R. Wedoff, Jenner & Block, Chicago, Ill., for plaintiffs.

Donald L. Johnson, Kurt D. Baer, Chicago, Ill., for Schlegel.

ORDER

BUA, District Judge.

This court denies defendants' motion to dismiss plaintiffs' Complaint.

Count I of the Complaint alleges a violation of § 12(2) of the Securities Act of 1933. 15 U.S.C. § 77l. Section 12 imposes civil liability upon any person who makes an untrue statement of material fact in the offer or sale of a security. Count II alleges a violation of § 10(b) of the Securities Act of 1934, 15 U.S.C. § 78j...

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