SULLIVAN & LONG, INC. v. SCATTERED CORP.

No. 94-2015.

47 F.3d 857 (1995)

SULLIVAN & LONG, INCORPORATED, et al., Plaintiffs-Appellants, v. SCATTERED CORPORATION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 8, 1995.

Rehearing and Suggestion for Rehearing Denied March 13, 1995.


Attorney(s) appearing for the Case

Jay A. Canel (argued), Peter M. King, Stephen D. Davis, Canel, Davis & King, Chicago, IL, Milo W. Lundblad, Flossmoor, IL, for plaintiffs-appellants Sullivan & Long, Inc., Joseph D. Lapota, Jr.

Michael B. Hyman, Carol V. Gilden, Much, Shelist, Freed, Denenberg & Ament, Clinton A. Krislov, Jonathan Nachsin, Krislov & Associates, Chicago, IL, for plaintiff-appellant Carole Bland.

Robert D. Allison, Chicago, IL, Jules Brody, Stull, Stull & Brody, New York City, for plaintiff-appellant James Hamburger.

Michael B. Hyman, Carol V. Gilden, Much, Shelist, Freed, Denenberg & Ament, Chicago, IL, Jules Brody, Stull, Stull & Brody, New York City, Clinton A. Krislov, Jonathan Nachsin, Krislov & Associates, Chicago, IL, Milo W. Lundblad, Flossmoor, IL, Perry J. Shwachman, Cin, Schwachman & Wagner, Chicago, IL, for plaintiffs-appellants Mark V. Harkins, Samuel Hooker, Charles Hawker, Audrey Hewitt, Anthony Hewitt, John Eckensten, Ronald J. Moran, Lesley R. Moran, Timothy J. Moran, Leon D. Ardelean, Jeffrey J. Sims, Sheffield Wolk, A.J. Blythe, Dorothy B. Nussdorf, Dan Chlipala.

Elizabeth D. Sharp, Paul A. Hybel, Thomas Kottler, LeLand W. Hutchinson, Jr. (argued), Freeborn & Peters, Chicago, IL, for defendant-appellee Scattered Corp., an Ill. Corp.

Before POSNER, Chief Judge, and COFFEY and MANION, Circuit Judges.


Rehearing and Suggestion for Rehearing En Banc Denied March 13, 1995.*

POSNER, Chief Judge.

This is an appeal from the dismissal, for failure to state a claim, of a suit that charges violations of the securities laws growing out of a notorious, or at least newsworthy, episode of short selling of common stock of LTV Corporation. In re Scattered Corporation Securities Litigation, ...

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