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ROSENSTEIN v. STANDARD & POOR'S CORP.

No. 1-91-3000.

636 N.E.2d 665 (1993)

264 Ill. App.3d 818

201 Ill.Dec. 233

Alan ROSENSTEIN, on behalf of himself and other persons similarly situated, Plaintiff-Appellant, v. STANDARD & POOR'S CORPORATION, Defendant-Appellee.

Appellate Court of Illinois, First District, Third Division.

Rehearing Denied June 21, 1993.

Attorney(s) appearing for the Case

Arne R. Rode, Marshall Patner, Jeremy W. Hobbs, David I. Hurwitz, Marshall Patner & Associates, P.C., Chicago (Peter B. Shaeffer, of counsel), for plaintiff-appellant.

Robert G. Krupka, P.C., Constance R. Lindman, Kirkland appellee.

Justice GREIMAN delivered the opinion of the court:

Alan Rosenstein (plaintiff) seeks reversal of the trial court's order dismissing with prejudice his complaint alleging negligent misrepresentation by Standard & Poor's (S & P) in incorporating an erroneous closing price of a particular stock in the Standard & Poor 100 and Standard & Poor 500 Indexes that established the sale price of plaintiff's option contracts.

S & P and the Chicago...

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