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BONNY v. SOCIETY OF LLOYD'S

Nos. 92-1662, 92-2771.

3 F.3d 156 (1993)

Kenneth F. BONNY, Francesca B. Bonny and Robert D. Flesvig, Plaintiffs-Appellants, v. The SOCIETY OF LLOYD'S, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 5, 1993.

Attorney(s) appearing for the Case

Theodore William Grippo, Jr. (argued), Roy Thomas Simmons, Grippo & Simmons, Chicago, IL, for Kenneth F. Bonny, Francesca B. Bonny, and Robert D. Flesvig.

Timothy M. Maggio, Joseph E. Coughlin, Lord, Bissell & Brook, Chicago, IL, Sheila H. Marshall, Taylor R. Briggs (argued), Leboeuf, Lamb, Leiby & Macrae, New York City, for Society of Lloyd's.

Richard A. Wohlleber, George F. Venci, Jr., Chapman & Cutler, Chicago, IL, for Harris Bank Glencoe-Northbrook, N.A., Harris Trust and Sav. Bank and Bank of Montreal.

Bruce F. Hoffman, Jay M. Pollak, Pollak & Hoffman, Chicago, IL, for Northfield Venture, Inc. and Robert King.

John P. McGahey, James R. Denniston, Wilson, Elser, Moskowitz, Edelman & Dicker, Chicago, IL, Thomas W. Wilson, Jonathan C. Thau (argued), Wilson, Elser, Moskowitz, Edelman & Dicker, New York City, for Lime Street Underwriting Agencies Ltd., Robin C. Kingsley, Robert C. Hallam, Patrick M. Corbett and Bankside Underwriting Agencies Ltd.

Gary Kostow (argued), Suanne P. Hirschhaut, Kostow & Daar, Chicago, IL, for Alan J. Hunken.

Before CUMMINGS and CUDAHY, Circuit Judges, and LAY, Senior Circuit Judge.

LAY, Senior Circuit Judge.

Kenneth Bonny, Francesca Bonny and Robert Flesvig brought claims in federal district court alleging that they were fraudulently, and in violation of various federal and state securities laws, induced to become members of the Society of Lloyd's (Lloyd's) and to participate as underwriters in several insurance syndicates. Suit was brought against Lloyd's, a British entity; Lime Street Underwriting Agencies Ltd., Bankside Underwriting Agencies...

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