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WIELGOS v. COMMONWEALTH EDISON CO.

Nos. 88-1900, 88-2527.

892 F.2d 509 (1989)

Stanley C. WIELGOS individually, as Trustee for the Stanley C. Wielgos Trust dated April 27, 1983, and on behalf of a class of investors similarly situated, Plaintiff-Appellant, v. COMMONWEALTH EDISON COMPANY, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided December 12, 1989.

Attorney(s) appearing for the Case

A. Denison Weaver (argued), Chicago, Ill., for plaintiff-appellant, Stanley C. Wielgos.

W. Donald McSweeney, Mitchell S. Rieger, Allan Horwich, Frederick J. Sperling, Schiff, Hardin & Waite, Gary M. Elden, George R. Dougherty, Philip C. Stahl (argued), Grippo & Elden, Scott N. Gierke, Isham, Lincoln & Beale, Chicago, Ill., for defendants-appellees.

Before CUMMINGS, EASTERBROOK, and MANION, Circuit Judges.

EASTERBROOK, Circuit Judge.

Registration Form S-3 under the Securities Act of 1933 is reserved for firms with a substantial following among analysts and professional investors. The Securities and Exchange Commission believes that markets correctly value the securities of well-followed firms, so that new sales may rely on information that has been digested and expressed in the security's price. Securities Act Release No. 6383...

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