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CONG. OF PASSION, HOLY CROSS v. KIDDER PEABODY

No. 85-2427.

800 F.2d 177 (1986)

CONGREGATION OF THE PASSION, HOLY CROSS PROVINCE, Plaintiff-Appellant, v. KIDDER PEABODY & CO., INC., Bankers Trust Company, and Touche Ross & Co., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 4, 1986.

Attorney(s) appearing for the Case

Thomas P. Ward, Chicago, Ill., for plaintiff-appellant.

Francis J. Higgins, Joe A. Sutherland, Gardner Carton & Douglas, Chicago, Ill., P.B. Konrad Knake, White & Case, New York City, for defendants-appellees.

Before CUMMINGS, Chief Judge, FLAUM and RIPPLE, Circuit Judges.

RIPPLE, Circuit Judge.

This appeal presents three issues. First, whether the appellees, Kidder Peabody & Co., Inc. (Kidder Peabody) and Bankers Trust Company (Bankers Trust), violated section 10(b) of the Securities Exchange Act of 1934 (SEA), 15 U.S.C. § 78j(b), and Securities Exchange Commission (Commission) Rule 10b-5, 17 C.F.R. § 240.10b-5. Second, whether Kidder Peabody, Bankers Trust or Touche Ross & Co. (Touche Ross) aided and abetted in any...

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