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OTTO v. VARIABLE ANNUITY LIFE INS. CO.

No. 82 C 4762.

816 F.Supp. 458 (1992)

Beverly J. OTTO, Individually and on behalf of all others similarly situated, et al., Plaintiffs, v. VARIABLE ANNUITY LIFE INSURANCE COMPANY, et al., Defendants.

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

Amending Opinion and Order December 18, 1991.

Opinion and Order on Reconsideration December 4, 1992.

Attorney(s) appearing for the Case

Craig Edgar Anderson, James A. Brandvik, Charles James Corrigan, Allen D. Choka, Jacobson, Brandvik & Anderson, Herbert I. Rothbart, Chicago, IL, for plaintiff.

Randall L. Mitchell, Schuyler, Roche & Zwirner, Chicago, IL, for defendants.

MEMORANDUM OPINION AND ORDER

[Nov. 8, 1991]

ASPEN, District Judge:

The named plaintiff, Beverly Otto, brings this class action against Variable Annuity Life Insurance Company and other affiliated companies (collectively referred to as "VALIC"), seeking to recover for alleged violations of, among other things, § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. In light of the recent Supreme Court decision in Lampf, Pleva, Lipkind...

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