O'BRIEN v. CONTINENTAL ILLINOIS NAT. BANK & TRUST CO.

Nos. 72 C 2551, 73 C 46, 73 C 660, 74 C 2899, 73 C 772, 73 C 3132 and 73 C 1755.

443 F.Supp. 1131 (1977)

Harold G. O'BRIEN et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. Edward T. HANLEY et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. Benjamin A. LIPSON et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. Edward F. BRABEC et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. J. J. O'DONNELL et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. Patrick E. GORMAN et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant. KENCO, INC., et al., Plaintiffs, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant.

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

November 28, 1977.


Attorney(s) appearing for the Case

James S. Gordon, Chicago, Ill., for plaintiffs in 72 C 2251, 74 C 2899, 73 C 46 and 73 C 660.

A. Bradley Eben, Borovsky, Smetana, Ehrlich & Kronenberg, Chicago, Ill., for plaintiffs in 72 C 2251 and 74 C 2899.

Jerry Kronenberg, Chicago, Ill., for plaintiffs in 72 C 2251.

Mayer, Brown & Platt, Chicago, Ill., for defendant.

Herbert Borovsky, Sherman Carmell, Sheldon Charone, Chicago, Ill., for plaintiffs in 74 C 2899.

Cotton, Watt, Jones, King & Bowlus, Chicago, Ill., for plaintiffs in 73 C 772 and 73 C 3132.

Pope, Ballard, Shepard & Fowle, Chicago, Ill., for plaintiffs in 73 C 1755.


MEMORANDUM OPINION

FLAUM, District Judge:

These actions presently before the court were filed at various times during 1972 through 1974 and have been consolidated for various pretrial matters. All the cases are essentially similar in that they each allege violations by defendant of the Securities Exchange Act of 1934, § 10(b), 15 U.S.C. § 78j(b), and rule 10b-5, 17 C.F.R. § 240. 10b-5, promulgated thereunder, as well as Illinois common law...

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