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PURDY v. SECURITY SAV. & LOAN ASS'N

Nos. 88-C-313, 88-C-405.

727 F.Supp. 1266 (1989)

Karroll L. PURDY and Dorothy D. Purdy, individually and on behalf of all other similarly situated, Plaintiffs, v. SECURITY SAVINGS & LOAN ASSOCIATION, et al., Defendants. Ronald B. GALECKE, individually and on behalf of all others similarly situated, Plaintiffs, v. SECURITY SAVINGS & LOAN ASSOCIATION, et al., Defendants.

United States District Court, E.D. Wisconsin.

December 22, 1989.

Attorney(s) appearing for the Case

Robert Silverstein, Silverstein & Associates, Thomas K. Archie, Milwaukee, Wis., Art Aufman, Edward Joyce, Joyce & Kubasiak, Chicago, Ill., for plaintiffs.

William H. Alverson, Michael Ash, Godfrey & Kahn, S.C., Michael L. Sorgi, Schoendorf & Sorgi, Milwaukee, Wis., for defendants Security Financial Corp. & Security Savings & Loan Assn.

Jon P. Christiansen, Foley & Lardner, Milwaukee, Wis., for defendants Security Spring & Boe Investors, Ltd.-82, Larry K. Boe and William A. Spring.

Daniel Conley, Quarles & Brady, Milwaukee, Wis. (Miriam F. Miquelon, Miquelon & Associates, Chicago, Ill., of counsel), for defendants Security Spring & Boe Inv. Corp., Spring & Boe Companies, Inc., Security Spring & Boe 82 Partners, Security Spring and Boe Financial Companies, Inc.

OPINION AND ORDER

CURRAN, District Judge.

I. PRIOR PROCEEDINGS

Three disappointed investors commenced the two above-captioned cases which have been consolidated for purposes of settlement. Karroll and Dorothy Purdy (Case No. 88-C-313) and Ronald B. Galecke (Case No. 88-C-455) are suing Security Savings and Loan Association, Security Spring and Boe Investment Corporation, Security Savings & Boe Financial Companies, Inc., Larry K. Boe and William...

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