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HUNSSINGER v. ROCKFORD BUSINESS CREDITS, INC.

No. 83-2169.

745 F.2d 484 (1984)

Edward F. HUNSSINGER, as Trustee of the Midland Brokerage Co., Inc. Employee's Profit Sharing Plan and Trust, Plaintiff-Appellant, v. ROCKFORD BUSINESS CREDITS, INC., William E. Fitzgerald and Thomas M. Kazmierczak, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided October 4, 1984.

Attorney(s) appearing for the Case

Sherwin D. Abrams, Abrams, Rifkin & Chapman, Chicago, Ill., for plaintiff-appellant.

Rosalind C. Cohen, Sec. & Exchange Comm., Washington, D.C., for plaintiff-intervenor.

Robert M. Kluchin, Karon, Morrison & Savikas, Chicago, Ill., for defendants-appellees.

Before PELL and ESCHBACH, Circuit Judges, and BARTELS, Senior District Judge.

PELL, Circuit Judge.

This case comes to us on appeal from the final judgment entered in the district court dismissing plaintiff's action for lack of subject matter jurisdiction. The complaint alleged numerous violations of the federal securities law in connection with the purchase of notes by a profit sharing trust. The district court determined that the notes were not "securities" within the meaning of the federal securities acts. The case requires us to determine...

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