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ASHENDEN v. LLOYD'S OF LONDON

No. 96 C 0852.

934 F.Supp. 992 (1996)

Mary Jane ASHENDEN, et al., Plaintiffs, v. LLOYD'S OF LONDON, et al., Defendants.

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

August 2, 1996.

Attorney(s) appearing for the Case

Michael J. Hayes, Darren Steven Cahr, Gardner, Carton & Douglas, Chicago, IL, for plaintiffs.

Michael T. Hannafan, Michael T. Hannafan & Associates, Ltd., Chicago, IL, for defendants.

MEMORANDUM OPINION AND ORDER

CASTILLO, District Judge.

The plaintiffs in this action are current or former members ("Names") of Lloyd's of London — investors in insurance syndicates operating in the marketplace controlled by Lloyd's. This action is one of many arising from the recruitment of U.S. investors into Lloyd's during the roaring 1980s at a time when Lloyd's financial health was faltering due to many syndicates' underwriting of "long...

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