WACHOVIA SECURITIES, LLC v. JAHELKA

No. 04 C 3082.

586 F.Supp.2d 972 (2008)

WACHOVIA SECURITIES, LLC, Plaintiff, v. Andrew A. JAHELKA, Richard O. Nichols, Leon A. Greenblatt III, Banco Panamericano, Inc., Loop Corp., Loop Properties, Inc., and Scattered Corp., Defendants.

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

October 22, 2008.


Attorney(s) appearing for the Case

Adam Brent Rome, Beau T. Greiman, Christopher Scott Griesmeyer, Gary Irwin Blackman, Levenfeld Pearlstein, LLC, Chicago, IL, for Plaintiff.

James Worlton Naisbitt, James W. Naisbitt, Ltd. C. Philip Curley, Alan R. Dolinko, John Henry Wickert, Robinson, Curley & Clayton, P.C., Gerald C. Willis, Jr., Paul W. McAndrews, McAndrews, Held & Malloy, P.C., Chicago, IL, for Defendants.


MEMORANDUM OPINION AND ORDER

VIRGINIA M. KENDALL, District Judge.

Defendant Loop Corp. ("Loop") traded stock on margin using an account at Prudential Securities Incorporated ("Prudential"). Stip. ¶ 2. Plaintiff, Wachovia Securities, LLC ("Wachovia") is Prudential's successor in interest.1 Id. On May 22, 2001, the stock collapsed resulting in a $1.9 million debt...

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