NORTHERN TRUST CO. v. ESSANESS THEATRES CORP.

Nos. 50 C 1750, 50 C 1762.

103 F.Supp. 954 (1952)

NORTHERN TRUST CO. et al. v. ESSANESS THEATRES CORP. et al. STERN v. ESSANESS THEATRES CORP. et al.

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

January 29, 1952.


Attorney(s) appearing for the Case

Bell, Boyd, Marshall & Lloyd, Chicago, Ill., for Northern Trust Co., et al.

Rosenberg, Stein & Rosenberg, Chicago, Ill., for Emil Stern.

Edward Blackman, Chicago, Ill., for Essaness and Silverman.

Roger S. Foster, General Counsel, Alexander Cohen, Special Counsel, and James R. Jones, all of Washington, D. C., for Securities and Exchange Commission, amicus curiae.


LA BUY, District Judge.

The above matters have been consolidated for the purposes of defendants' motions setting up grounds for dismissal and summary judgment which are applicable to both complaints.

The plaintiffs have filed separate complaints alleging an action arising under the Securities Exchange Act of 1934, Section 10(b), 15 U.S.C.A. § 78j(b). It is alleged that pursuant to an agreement of October 20, 1945 the defendant corporation through its...

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