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KHALID BIN ALWALEED FOUNDATION v. E.F. HUTTON & CO., INC.

No. 88 C 5074.

709 F.Supp. 815 (1989)

KHALID BIN ALWALEED FOUNDATION, a Trust under the laws of Liechtenstein, Plaintiff, v. E.F. HUTTON & COMPANY, INC., E.F. Hutton & Company (Securities), Ltd., Sharif Serageldin and Sami Beydoun, Defendants.

United States District Court, N.D. Illinois.

March 13, 1989.

MEMORANDUM OPINION AND ORDER

LEINENWEBER, District Judge.

This cause comes before the court on the motion of defendants to dismiss Counts 1 through 12. For the reasons herein stated, the motion is granted.

FACTS

In June of 1988 plaintiff, Khalid Bin Alwaleed Foundation ("Foundation"), filed suit against defendants seeking $21,959,000 in compensatory damages for alleged violation of Sections...

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