Florendo v. Pan Hemisphere Transport, Inc.

MEMORANDUM OPINION

GRADY, District Judge.

In this diversity case, plaintiff seeks to rescind the purchase from defendants of a limited partnership interest in Madison Shipping Development for failure to comply with the Illinois Securities Law of 1953, Ill.Rev.Stat. ch. 121V2 § 137.1 et seq. Before the court are defendants’ motions to dismiss for lack of in personam jurisdiction. 1 Because the motions are accompanied by evidentiary matter, we shall treat them as motions for summary judgment. For the reasons stated below, they will be denied.

Under Fed.R.Civ.P. 4(d)(7), the territorial limits of…