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VILLAGE OF ARLINGTON HEIGHTS v. PODER

No. 88 C 3634.

712 F.Supp. 680 (1989)

VILLAGE OF ARLINGTON HEIGHTS, as subrogee of Village of Arlington Heights Fire Pension Fund and Village of Arlington Heights Police Pension Fund, Village of Arlington Heights Fire Pension Fund, and Village of Arlington Heights Police Pension Fund, as principal and as subrogee of Village of Arlington Heights Fire Pension Fund, Plaintiffs, v. Lee L. PODER and Drexel Burnham Lambert Government Securities, Inc., a Delaware Corporation, Defendants.

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

May 3, 1989.

MEMORANDUM ORDER AND OPINION

ROVNER, District Judge.

I. INTRODUCTION

Three separate complaints1 were filed in this case by the Village of Arlington Heights ("Village"), the Village of Arlington Heights Fire Pension Fund ("Fire Fund"), and the Village of Arlington Heights Police Pension Fund ("Police Fund")2 against Lee L. Poder ("Poder"), the...

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