WSOL v. GREAT NORTHERN ASSET MANAGEMENT, INC.

No. 99 C 2004.

114 F.Supp.2d 720 (2000)

Frank J. WSOL, Sr., Hugh M. Corcoran, Robert N. Falco, Neil J. London, Charles Schmalz, Trustees of the International Brotherhood of Teamsters Union Local No. 710 Pension Fund, and the International Brotherhood of Teamsters Union Local No. 710 Pension Fund, Plaintiffs, v. GREAT NORTHERN ASSET MANAGEMENT, INC. and East West Institutional Services, Inc., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

September 11, 2000.


Attorney(s) appearing for the Case

Stephen Jay Feinberg, Marvin Gittler, Leonard J. Elberts, Margaret Ann Angelucci, Asher Gittler Greenfield & D'Alba, Chicago, IL, David A. Sawyer, Russel N. Luplow, Gregory R. Schermerhorn, Law Office of Russell N. Luplow, Birmingham, MI, for Plaintiffs.

Assistant U.S. Atty., U.S. Attorney's Office Chicago, IL, Victor A. Wild, U.S. Atty., Boston, MA, for U.S.

Frederick V. Lochbihler, David S. Barritt, Moira Kathleen Metzger, Chapman & Cutler, Chicago, IL, Albert A. Woodward, Geoffrey P. Jarpe, Maun & Simon, PLC, Minneapolis, MN, for Defendant.


MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

In this ERISA case, Great Northern Asset Management ("Great Northern") of Minnesota, an investment advisor to Teamsters Union Local 710 Pension Fund (the "Fund"), of Illinois, used the services of East West Institutional Services ("East West"), a Connecticut corporation located in Michigan and an "introducing broker" of questionable qualifications and disputed resources. East West directed trades...

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