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SERPE v. WILLIAMS

No. 85 C 6404.

776 F.Supp. 1285 (1991)

Daniel SERPE, Georgiann Serpe, James Korbilas, Danielle Korbilas, Mark Rekowski, Ernestine Rekowski, and Allan Demars, trustee in Bankruptcy for the Estate of Clifford Szpekowski and Mary Szpekowski, Plaintiffs, v. Arthur L. WILLIAMS, Jr., A.L. Williams General Agency, A.L. Williams & Associates, Inc., A.L. Williams Corp., A.L. Williams Life Insurance Company, First American National Securities, Inc., Massachusetts Indemnity and Life Insurance Co., Stanley Lane, Lourdes Lane, Robert Buisson, Robert Miller, Robert Turley, Arthur Villas, Charles Miller, Grant Garcia, Emanuel DeKayre, Ned Web, and Boe Adams, Defendants.

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

October 30, 1991.

Attorney(s) appearing for the Case

Jordan Nmi Bell, Jordan Bell, Richard David Grossman, Dannen, Crane, Heyman & Simon, Chicago, Ill., for plaintiffs.

Fred H. Bartlit, Jr., Philip Scott Beck, Sheila W. Elston, Kirkland & Ellis, Stephen M. Murray, Daniel I. Schlessinger, M. Nicole Marcey, Nick J. DiGiovanni, R.R. McMahan, Lord, Bissell & Brook, Chicago, Ill., for Arthur L. Williams, A.L. Williams General Agency, A.L. Williams and Assoc. Massachusetts Indem. & Life Ins. Co., Robert Buisson, Robert Miller and Boe Adams.

James Thomas Nyeste, Edward T. Butt, Jr., Wildman, Harrold, Allen & Dixon, Chicago, Ill., for A.L. Williams Corp., A.L. Williams Life Ins. Co. and First American Nat. Securities, Inc.

Michael K. Murtaugh, William Lynch Schaller, Baker & McKenzie, Chicago, Ill., for Stanley & Lourdes Lane, Robert Turley, Arthur Villas, Charles Miller, Grant Garcia, Emanuel DeKayre, Ned Web.

ORDER

NORGLE, District Judge.

Defendants move to dismiss certain plaintiffs alleging these plaintiffs lack standing (Fed.R.Civ.Proc. 12(b)(1)). For the reasons stated below, the court grants the motion.

FACTS

Defendants are engaged in the sale of life insurance products. In order to recruit more sales personnel, A.L. Williams & Associates implemented the "Future RVP (Regional Vice President...

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