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SIMON v. PAY TEL MANAGEMENT, INC.

No. 89 C 1041.

782 F.Supp. 1219 (1991)

Harry SIMON, Plaintiff, v. PAY TEL MANAGEMENT, INC., a foreign corporation; Cornwall Securities, Inc., a foreign corporation; Rothschild Registry International, Inc., a foreign corporation; Pay Telephone Investors II, a foreign corporation; and Barry Berman, Defendants.

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

April 26, 1991.

Attorney(s) appearing for the Case

Harvey Joel Barnett, Barnett, Bornstein & Blazer, Ltd., Chicago, Ill., for plaintiff.

Barbara S. Steiner, Jenner & Block, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

ILANA DIAMOND ROVNER, District Judge.

I. INTRODUCTION

This is an action for securities fraud brought pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The complaint includes a count for common law fraud. Plaintiff Harry Simon ("Simon") alleges that he was defrauded by defendants Pay Tel Management, Inc. ("Pay Tel"), Cornwall Securities, Inc. ("Cornwall"), Rothschild Registry International...

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