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CARALUZZI v. PRUDENTIAL SECURITIES, INC.

No. 92 C 1389.

824 F.Supp. 1206 (1993)

Edward A. CARALUZZI and Pamela E. Caraluzzi, on their own behalf and on behalf of all other persons similarly situated, Plaintiffs, v. PRUDENTIAL SECURITIES, INC., Defendant.

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

May 26, 1993.

Attorney(s) appearing for the Case

Herbert Beigel, Cary Neal Goldberg, Ronald Alan Schy, Beigel & Sandler, Chicago, IL, for plaintiffs.

Miriam Goldman Bahcall, Timothy Alan Nelsen, Donna L. McDevitt, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for defendant.

MEMORANDUM AND ORDER

JAMES B. MORAN, Chief Judge.

Plaintiffs Edward Caraluzzi and Pamela Caraluzzi (the Caraluzzis) filed this action against defendant Prudential Securities, Inc. (Prudential) under the RICO statute, 18 U.S.C. § 1961, et seq. Plaintiffs claim that the monthly client statements sent to them by defendant misrepresented, or omitted to state, the true value of certain limited partnership and other direct investments. In addition...

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