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DeBRUYNE v. EQUITABLE LIFE ASSUR. SOC. OF U.S.

No. 88 C 10098.

720 F.Supp. 1342 (1989)

Dean Peter DeBRUYNE and Evelyn S. Carlyle, individually and on behalf of all others similarly situated, Plaintiffs, v. The EQUITABLE LIFE ASSURANCE SOCIETY OF the UNITED STATES and Equitable Capital Management Corporation, Defendants.

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

September 6, 1989.

Attorney(s) appearing for the Case

Edward T. Joyce, Steven J. Rotunno, Joyce & Kubasiak, P.C., Lawrence W. Schad, Stephen B. Diamond, Andrew H. Haber, Beeler, Schad & Diamond, P.C., David A. Genelly, Fishman & Merrick, P.C., Chicago, Ill., for plaintiffs.

Donald G. Kempf, Jr., P.C., James P. Cusick, Kirkland & Ellis, Chicago, Ill., for defendants.

MEMORANDUM ORDER

BUA, District Judge.

When the stock market crashed in October 1987, a retirement fund in which plaintiffs had invested suffered severe losses. Plaintiffs claim that defendants, the managers of the fund, followed an imprudent investment policy that left the fund particularly vulnerable to a sharp decline in the stock market. Plaintiffs also allege that defendants' investment strategy did not comport with defendants' description of the fund...

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