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MASTROBUONO v. SHEARSON LEHMAN HUTTON INC.

No. 89 C 0773.

812 F.Supp. 845 (1993)

Antonio C. and Diana G. MASTROBUONO, Plaintiffs, v. SHEARSON LEHMAN HUTTON INC., Nick DiMinico, Richard F. Benzer, and Mark Stevenson, Defendants.

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

February 9, 1993.

Attorney(s) appearing for the Case

John Daniel O'Malley, Loyola University of Chicago, James L. Fox, Abramson & Fox, John Daniel O'Malley, Jr., Chicago, IL, for plaintiffs.

Thomas M. Knepper, Therese Marie Obringer, Neal, Gerber & Eisenberg, Chicago, IL, for defendants.

ORDER

NORGLE, District Judge.

Before the court is the motion of defendants Shearson Lehman Hutton Inc. ("Shearson") and Nick DiMinico ("DiMinico") to partially vacate an arbitration award. For the following reasons, the motion is granted.

FACTS

In October, 1985, the plaintiffs, Antonio C. Mastrobuono and Diana G. Mastrobuono (the "Mastrobuonos"), opened a brokerage account with Shearson. The Mastrobuonos' account was solicited by DiMinico...

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