District Court, N.D. Illinois December 31, 2002, 02 C 5854 (Lincolnshire L.P. v. Essex, LLC)

MEMORANDUM ORDER AND OPINION

MORAN, Senior District Judge.

In

Blue Chip Stamps v. Manor Drug Stores,

421 U.S. 723, 95 S.Ct. 1917, 44 L.Ed.2d 539 (1975), the Supreme Court took a somewhat restrictive view of the scope of Rule 10b-5’s requirement that the deception be “in connection with the purchase or sale of any security.