Appellate Court of Illinois June 28, 2002, 1-01-0851, 1-01-2111 cons. (City of Chicago Ex Rel. Scachitti v. Prudential Securities, Inc.)

PRESIDING JUSTICE CAMPBELL

delivered the opinion of the court:

In appeal number 1 — 01 — 0851, plaintiffs Raymond G. Scachitti, Patrick J. Houlihan and Robert E Rifkin (Scachitti plaintiffs), residents and taxpayers of the City of Chicago (City), filed a lawsuit on behalf of the City against defendants Prudential Securities, Inc. (Prudential), Everen Securities, Inc.