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BASTIAN v. PETREN RESOURCES CORPORATION

No. 86 C 2006.

682 F.Supp. 956 (1988)

Richard R. BASTIAN, III; B.P. Loughridge; Ronald D. Rotunda; Marcia Rotunda; General Synergy Investments, an Oklahoma partnership; Gabriel Fernandez; J. Mahar; CMF Associates, an Illinois partnership; Alfred J. Hendron; and M.T. Davidson, Plaintiffs, v. PETREN RESOURCES CORPORATION, an Illinois corporation; Faestel Investments, Inc., an Illinois corporation; David J. Faestel; McDermott, Will & Emery, a partnership; and Brian Hucker, Defendants.

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

April 11, 1988.

Attorney(s) appearing for the Case

Michael H. Moirano, Chicago, Ill., for plaintiffs.

Stephen Novack, Donald A. Tarkington, Mitchell L. Marinello, Novack and Macy, William O'Connor, Zukowski, Rogers & Flood, Chicago, Ill., James G. Wiles, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, Pa., for defendants.

BRIAN BARNETT DUFF, District Judge.

Plaintiffs move this court to reconsider its ruling of March 7, 1988 dismissing their complaint for, among other things, failing to allege "loss causation" in their sec. 10(b) claim. Bastian v. Petren, 681 F.Supp. 530, 532-36 (N.D.Ill.1988). In their motion, plaintiffs call this court's reasoning in its initial ruling "preposterous" and "absurd" and insist that, particularly in light...

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