Reshal Associates, Inc. v. Long Grove Trading Co.

MEMORANDUM OPINION AND ORDER

ROVNER, District Judge.

I. INTRODUCTION

Defendants in this case allegedly misrepresented the nature of various investments which they recommended and sold to plaintiffs, and plaintiffs have brought suit on a number of fraud-related theories. Pending is defendants’ motion to dismiss the complaint. For the reasons stated below, defendants’ motion is granted in part and denied in part.

II. FACTS

For purposes of considering defendants’ motion to dismiss, the Court accepts as true the factual allegations of the complaint. See Mathers Fund, Inc. v. Colwell Co., 564 F.2d 780,…