Howe v. Shchekin
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
John Z, Lee, United States District Judge
Plaintiffs William Howe (“Howe”) and D&D Auto Resort, LLC (“D&D”) (together, “Plaintiffs”) filed suit against Defendant Alexandr Shchekin (“Shchekin”), alleging that Shchekin violated federal securities law and committed common law fraud in connection with selling Howe membership units in ReadOz; LLC (“Rea-dOz”). Shchekin now moves to dismiss Plaintiffs’ Amended Complaint under Federal Rule of Procedure (“Rule”) 12(b)(6). For the reasons that follow, Shchekin’s motion [51] is granted.
Background
Beginning in May 2008,…
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