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CAREMARK INC. v. CORAM HEALTHCARE CORP.

No. 95 C 5878.

910 F.Supp. 411 (1996)

CAREMARK INC., a California corporation, and Caremark International Inc., a Delaware corporation, Plaintiffs, v. CORAM HEALTHCARE CORPORATION, a Delaware corporation, Defendant.

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

January 3, 1996.

Attorney(s) appearing for the Case

Sheldon Toby Zenner, Mary Ellen Hennessy, Sean M. Berkowitz, Katten, Muchin & Zavis, Chicago, IL, for plaintiffs.

Don A. Banta, Banta, Cox & Hennessy, Chicago, IL, Janice M. Rauen, Abrahamson & Vorachek, Chicago, IL, Peter C. John, Thomas L. Duston, Matthew Michael Getter, Hedlund, Hanley & John, Chicago, IL, Michael A. Kahn, Samuel R. Miller, Douglas W. Sullivan, Katharine Livingston, Folger & Levin, San Francisco, CA, for defendant.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Plaintiffs, Caremark Inc. and Caremark International Inc. (collectively "Caremark"), have filed suit against Coram Healthcare Corporation ("Coram"), alleging, inter alia, a violation of the federal securities laws. Coram has filed a motion to dismiss the complaint. For the reasons stated below, its motion is granted.

Background

On April 6, 1995, Caremark sold its...

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