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WOLF v. KENNELLY

No. 07 C 2218.

540 F.Supp.2d 955 (2008)

Kenneth J. WOLF and KJW, LLC, Petitioners, v. Ford KENNELLY, Rosenthal Collins Group, LLC, and Lawrence Spain, Respondents.

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

February 12, 2008.

Attorney(s) appearing for the Case

Christian T. Kemnitz, Jason P. Shaffer, Katten Muchin Rosenman LLP, Chicago, IL, Peter W. Homer, Homerbonner, Miami, FL, for Petitioners.

Kenneth Frederick Berg, Peter Robert Sonderby, Ulmer & Berne LLP, Jeffrey A. Schulman, Wolin and Rosen, Chicago, IL, Darren C. Blum, Scott L. Silver, Blum & Silver, LLP, Coral Springs, FL, for Respondents.

MEMORANDUM OPINION AND ORDER

REBECCA R. PALLMEYER, District Judge.

Ford Kennelly claims that he lost more than $150,000 in bad investments and $235,000 in commissions due to the "boiler room" operations of his brokers. Kennelly took his dispute to arbitration, where he won an award of compensatory and punitive damages in excess of $1 million. Rosenthal Collins Group, LLC ("RCG"), who acted as Kennelly's commodities broker, filed a Petition to Vacate...

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