RENOVITCH v. STEWARDSHIP CONCEPTS, INC.

No. 84 C 7727.

654 F.Supp. 353 (1987)

Paul RENOVITCH, Barbara Renovitch, Donald K. Johnson, Lawrence Wise, and the Willard E. Schafer Trust by Mrs. Esther Schafer, Trustee, on behalf of themselves and all purchasers of Securities issued by Intercontinental Cattle Corporation or Great Western Leasing Co., and sold by Stewardship Concepts, Inc., Plaintiffs, v. STEWARDSHIP CONCEPTS, INC., an Illinois corporation, Intercontinental Cattle Corporation, an Illinois corporation, High Test Dairy Management, a Michigan corporation, Dairy Reporting Service, Inc., an Illinois corporation, Robinson Dairy Farm, Ltd., a Michigan corporation, Douglas I. Gray, an Illinois resident, L. (Skip) Bunker, a Michigan resident, Tom Early, a Michigan resident, Phyllis Early, a Michigan resident, Earl Sageman, a Michigan resident, Susan Cowles, an Illinois resident, John Anderson, a Michigan resident, John Raczok, a Michigan resident, James Bussard, a Michigan resident, and Jay Kaufman, an Illinois resident, Defendants.

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

January 30, 1987.


Attorney(s) appearing for the Case

James E. Beckley, James E. Beckley & Assoc., Marsha A. Tolchin, Chicago, Ill., for plaintiffs.

Albert C. Maule, Hopkins & Sutter, Chicago, Ill., for Lester E. Bunker, Sr.

Lauren S. Rosenthal, Ronald L. Futterman, Hartunian Futterman & Howard, Chtd., Chicago, Ill., for defendants Tom Early and Phyllis Early.

Ronald J. Clark, Chicago, Ill., for John Anderson.

Terrence J. Goggin, Steven D. Pearson, Scott L. Carey, Goggin, Cutler & Hull, Chicago, Ill., for John Raczok.

Thomas L. Browne, Thomas P. McGarry, Hinshaw, Culbertson, Moelmann, Hoban & Fuller, Chicago, Ill., for Jay Kaufman.

Richard H. Kane, Richard H. Kane & Assoc., Donald R. Brewer, Donald R. Brewer, Chtd., for Stewardship Concepts, High Test Dairy, Robinson Dairy Farm, L. (Skip) Bunker and Raczok.

David J. Parsons, Matkov Griffin Parsons Salzm & Madoff, Chicago, Ill., for James Bussard.


MEMORANDUM

LEIGHTON, Senior District Judge.

This suit arises from an alleged investment scheme involving the leasing of dairy cattle. When an investor joined the investment program, defendants were to purchase cattle for that investor; the cattle were then placed on farms belonging to other defendants. The program eventually turned sour; in some cases cattle were never purchased and the investor's funds were...

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