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WAFRA LEASING CORP. 1999-A-1 v. PRIME CAPITAL CORP.

No. 01 C 4314.

192 F.Supp.2d 852 (2002)

WAFRA LEASING CORPORATION 1999-A-1, Plaintiff, v. PRIME CAPITAL CORPORATION, Prime Leasing Corporation, Prime Finance Corporation 1999-A-1, Prime Finance Corporation 1999-A-2, KPMG LLP, Bischoff & Swabowski, Ltd., Mark Bischoff, James Friedman, Vern Landeck, Thomas Ehmann, William Smithburg and John Walter, Defendants.

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

March 26, 2002.

Attorney(s) appearing for the Case

Leon Zelechowski, Attorney at Law, Chicago, IL, for Plaintiff.

David S. Waxman, Richard Keith Hellerman, James Alan Chatz, Arnstein & Lehr, Chicago, IL, for Prime Capital Corp., Prime Leasing Corp.

Michael Jon Gill, Andrew Dylan Campbell, Mayer, Brown, Rowe & Maw, Chicago, IL, for Prime Finance Corp.

James R. Figliulo, James H. Bowhay, Michael K. Desmond, Figiulo & Silverman, Chicago, IL, for KPMG LLP.

Ted A. Donner, Bischoff & Swabowski, Ltd., Chicago, IL, for Bischoff & Swabowski, Mark Bischoff.

Lawrence Charles Rubin, Kim Renee Walberg, Shefsky, Froelich & Devine, Ltd., Chicago, IL, for James Friedman, William Smithburg, John Walter.

Miriam Goldman Bahcall, Kevin D. Finger, Ungaretti & Harris, Chicago, IL, for Vern Landeck, Thomas Ehmann.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Wafra Leasing Corporation ("Wafra") invested in a securitization of financial contracts by Prime Capital Corporation and Prime Leasing Corporation (collectively "Prime"), and its investment went bad. Wafra sued Prime and several of its officers and directors, as well as KPMG L.L.P., Prime's auditor, and Bischoff & Swabowski ("B & S"), its attorneys, for securities fraud under § 10(b...

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