ABELES v. OPPENHEIMER & CO., INC.

No. 86-1511.

834 F.2d 123 (1987)

Jerome and Betty ABELES, and all others similarly situated, Plaintiffs-Appellants, v. OPPENHEIMER & CO., INC., and Oppenheimer Government Securities, Inc., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided November 24, 1987.


Attorney(s) appearing for the Case

Steven I. Berlin, Altheimer & Gray, Chicago, Ill., for plaintiffs-appellants.

James E. Beckley, James E. Beckley & Assoc., Chicago, Ill., for defendants-appellees.

Before BAUER, Chief Judge, FLAUM, Circuit Judge, and REYNOLDS, Senior District Judge.


BAUER, Chief Judge.

Plaintiffs, Jerome and Betty Abeles, (the "Abeleses"), appeal from the district court's grant of summary judgment for the defendants and its dismissal of their complaint. At issue is whether the defendants, Oppenheimer & Co., Inc., and Oppenheimer Government Securities, Inc. (collectively "Oppenheimer") extended credit to plaintiffs when the parties entered into an agreement for the purchase and sale of Government National Mortgage Association...

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