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  5. 676 N.E.2d 241 (1996)
 

ORMAN v. CHARLES SCHWAB & CO., INC.

Nos. 1-94-2277, 1-94-3423 and 1-94-3424.

676 N.E.2d 241 (1996)

285 Ill. App.3d 937

221 Ill.Dec. 720

Robert ORMAN, on Behalf of Himself and All Similarly Situated Schwab Customers, Plaintiff-Appellant, v. CHARLES SCHWAB & COMPANY, INC., Defendant-Appellee. Gordon RUBENSTEIN, on Behalf of Himself and All Similarly Situated Quick and Reilly Customers, Plaintiff-Appellant, v. QUICK AND REILLY, INC., and United States Clearing Corporation, Defendants-Appellees. Leonard M. BLAND, on Behalf of Himself and All Similarly Situated Olde Discount Corporation Customers, Plaintiff-Appellant, v. OLDE DISCOUNT CORPORATION, Defendant-Appellee.

Appellate Court of Illinois, First District, Second Division.

December 24, 1996.

Attorney(s) appearing for the Case

Much, Shelist, Freed, Denenberg & Ament, Chicago, Susman, Buehler & Watkins, Chicago, Francine Schwartz, Arlington Hts., Daniel Harris, Chicago, Allan Kanner & Associates, New Orleans, LA, for Plaintiffs-Appellants.

Baker & McKenzie, Chicago, (Francis D. Morrissey, Michael Pollard, of counsel), for Defendants-Appellees.

Justice RAKOWSKI delivered the opinion of the court:

Plaintiffs, Robert Orman, Gordon Rubenstein, and Leonard M. Bland (customers) filed complaints against defendants, Charles Schwab & Co., Quick & Reilly, Inc., and Olde Discount Corporation (brokers), respectively, alleging that brokers violated state common and statutory law when they conducted stock trades on behalf of customers. In particular, the brokers breached their fiduciary duties by keeping certain...

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