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ROBBINS v. FIRST AMERICAN BANK OF VIRGINIA

No. 79 C 2147.

514 F.Supp. 1183 (1981)

Loran W. ROBBINS, Robert E. Schlieve, Marion M. Winstead, Harold J. Yates, Earl L. Jennings, Jr., Robert J. Baker, Howard McDougall, Thomas F. O'Malley, and R. V. Pulliam, Sr., as Trustees of Central States, Southeast and Southwest Areas Pension Fund, Plaintiffs, v. FIRST AMERICAN BANK OF VIRGINIA, a corporation, Moorefield Enterprises, a Virginia limited partnership, DeLuca Enterprises, Inc., a corporation, DeLuca Construction Corporation, a corporation, Marc E. Bettius, John F. DeLuca, Marilyn M. DeLuca and Donald D. McDonald, Defendants.

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

May 21, 1981.

Attorney(s) appearing for the Case

James L. Coghlan, William J. Nellis, David J. Magee, Coghlan, Joyce & Nellis, Chicago, Ill., for plaintiffs.

Roger L. Taylor, Laurence P. Bemis, Emily Nicklin, Kirkland & Ellis, Chicago, Ill., for First American Bank of Virginia.

Robert S. Bailey, Jeffrey Lawrence, Chicago, Ill., for other defendants.

MEMORANDUM AND ORDER

MORAN, District Judge.

This is an action by trustees of various teamster pension funds against First American Bank of Virginia, Moorefield Enterprises, DeLuca Enterprises and several individuals arising out of plaintiffs' purchase of a participation interest in a loan extended by the bank to Moorefield Enterprises. The eight-count complaint alleges claims based upon the federal securities...

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