District Court, N.D. Illinois June 21, 1991, No. 91 C 1573 (Badger v. Boulevard Bancorp, Inc.)

MEMORANDUM OPINION AND ORDER

MAROVICH, Judge.

Plaintiffs filed this eight-count complaint against defendants alleging that defendant Boulevard Bancorp Inc. (“Boulevard”) committed various violations of: (1) §§ 11 and 12(2) of the Securities Act of 1933 (“SA”), 15 U.S.C. § 77k (which prohibits, inter alia, the making of material misstatements and omissions in registration statements) and 15 U.S.C.