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MARYVILLE ACADEMY v. LOEB RHOADES & CO., INC.

Nos. 77 C 1206, 77 C 1629, 77 C 2440, 77 C 2536, 77 C 2860, 77 C 3820, 77 C 4314, 78 C 388, 78 C 705, 78 C 843, 78 C 850, 78 C 896, 78 C 947, 78 C 994 and 78 C 2242.

530 F.Supp. 1061 (1981)

MARYVILLE ACADEMY, et al., Plaintiffs, v. LOEB RHOADES & CO., INC., et al., Defendants, and Cases Coordinated for Discovery.

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

December 29, 1981.

Attorney(s) appearing for the Case

Don H. Reuben, Reuben & Proctor, Lowell B. Komie, Howard R. Koven, Friedman & Koven, Chadwell, Kayser, Ruggles, McGee & Hastings, Baker & McKenzie, Sachnoff, Schrager, Jones & Weaver Ltd., Chicago, Ill., Reavis & McGrath, New York City, for defendants.

John J. Enright, Arvey, Hodes, Costello & Burnman, Paul B. Uhlenhop, Lawrence, Lawrence, Kamin & Saunders, James P. Chapman, Chapman & Royce, Harry F. Polos, Phelan, Pope & John, Levinson, Komie & Murray, Lowell B. Komie, Chicago, Ill., Hale & Dorr, Boston, Mass., Richard A. Seltzer, Fortes, Eiger, Skirnich & Ginsburg, Foran, Wiss & Schultz, Roan & Grossman, Robert S. Levin, Edward T. Joyce Ltd., Chicago, Ill., for plaintiffs.

MEMORANDUM OPINION AND ORDER

GETZENDANNER, District Judge.

This matter had its genesis in a precipitous drop in the price of several securities in the spring of 1977. In sixteen separate cases, which have been consolidated for discovery purposes, charges of securities fraud and a host of other claims have been brought against Loeb Rhoades & Co., Loeb Rhoades & Co., Inc. [hereinafter referred to, along with the subsidiary First Wall Street Settlement...

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