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FRYMIRE v. PEAT, MARWICK, MITCHELL & CO.

No. 85 C 10460.

657 F.Supp. 889 (1987)

Richard A. FRYMIRE, Kathleen Frymire-Brinati, and Michael Brinati, Plaintiffs, v. PEAT, MARWICK, MITCHELL & CO., Defendant.

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

March 26, 1987.

Attorney(s) appearing for the Case

Michael J. Freed, Anthony C. Valiulis, Stewart M. Weltman, Much Shelist Freed Denenberg Ament & Eiger, P.C., Chicago, Ill., for plaintiffs.

Robert D. McLean, Michael J. Sweeney, Frank B. Vanker, Sidley & Austin, Chicago, Ill., for defendant.

MEMORANDUM AND ORDER

MORAN, District Judge.

The facts and parties in this case broadly resemble those of Ernst & Ernst v. Hochfelder, 425 U.S. 185, 96 S.Ct. 1375, 47 L.Ed.2d 668 (1976). In Ernst, the plaintiffs invested in an allegedly fraudulent scheme. The perpetrator of the fraud was unavailable for suit (having committed suicide after bankrupting his company), and so the investors sued the auditors for...

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