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SECS. INVESTOR PROTECTION v. R.D. KUSHNIR & CO.

Adversary Nos. 99 A 858 SIPA, 01 A 00485.

274 B.R. 768 (2002)

In the Matter of SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff, v. R.D. KUSHNIR & CO., Defendant. Securities Investor Protection Corporation, as Trustee for the Liquidation of R.D. Kushnir & Co., Plaintiff, v. Adler Drobny Fischer LLC, Larry D. Adler, and Aaron J. Fischer, Defendants.

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

March 12, 2002.

Attorney(s) appearing for the Case

Melanie Rovner Cohen, Tracy L. Treger, Altheimer & Gray, Chicago, IL, Stephen P. Harbeck, Karen A. Caplan, Securities Investor Protection Corporation, Chicago, IL, for Plaintiff.

Fred R. Harbecke, Ronald LePinskas, Joseph J. Border, Lord Bissell & Brook, Chicago, IL, for Defendants.

MEMORANDUM OPINION ON DEFENDANTS' MOTION TO DISMISS

JACK B. SCHMETTERER, Bankruptcy Judge.

Plaintiff Securities Investment Protection Corporation ("SIPC") filed this Adversary Complaint on May 22, 2001, as trustee for R.D. Kushnir & Co. ("RDK"), an Illinois Corporation. SIPC's Complaint charges the accountant firm Adler Drobny Fischer, LLC ("ADF") and two of its members Larry D. Adler ("Adler") and Aaron J. Fischer ("Fischer") (collectively "Defendants...

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