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LEVINE v. PRUDENTIAL BACHE PROPERTIES, INC.

No. 92 C 52.

855 F.Supp. 924 (1994)

Richard LEVINE, Polly S. Gutman, Harley Kravitz, Jami Lynn Levy, Joel A. Levy, Todd Middleton, Andrew W. Gallopo, Plaintiffs, v. PRUDENTIAL BACHE PROPERTIES, INC., and Prudential Bache Securities, Inc., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

June 3, 1994.

Attorney(s) appearing for the Case

Herbert Beigel, Beigel, Schy, Lasky, Rifkind, Goldberg & Fertik, Chicago, IL, for plaintiffs.

Timothy A. Nelsen, Skadden Arps Slate Meagher & Flom, Chicago, IL, for defendants.

MEMORANDUM OPINION

GRADY, District Judge.

Before the court is the motion of defendants Prudential-Bache Properties, Inc. and Prudential-Bache Securities, Inc. ("the Prudential defendants") to dismiss the 45-count first amended complaint ("the complaint"). For the reasons discussed in this opinion, the motion is granted.

BACKGROUND

This lawsuit concerns three limited partnerships in which the plaintiffs invested. The partnerships...

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