Legal Opinion
Rosenstein v. Standard & Poor's Corp.
Appellate Court of Illinois
Decided May 26, 1993No. 1—91—3000PublishedCited by 1 opinion
1Opinion of the CourtJustice Greiman
Alan Rosenstein (plaintiff) seeks reversal of the trial court’s order dismissing with prejudice his complaint alleging negligent misrepresentation by Standard & Poor’s (S&P) in incorporating an erroneous closing price of a particular stock in the Standard & Poor 100 and Standard & Poor 500 Indexes that established the sale price of plaintiff’s option contracts.
S&P and the Chicago Board Options Exchange (CBOE) entered into a licensing agreement whereby S&P was the official source for calculating and disseminating the closing values of the S&P Indexes for the purpose of trading securities…
2Cases cited42 opinions
- Moorman Manufacturing Co. v. National Tank Co.Illinois Supreme Court · 1982
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- Board of Education v. A, C and S, Inc.Illinois Supreme Court · 1989
- Rozny v. MarnulIllinois Supreme Court · 1969
- Burdinie v. Village of Glendale HeightsIllinois Supreme Court · 1990
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3Cited by1 opinion
- Rosenstein v. Standard & Poor's Corp.Appellate Court of Illinois · 1993