Legal Opinion
Hubbard v. Prudential Securities Inc.
Court of Appeals for the Seventh Circuit
Decided March 30, 1994No. Nos. 92-1666, 92-1795PublishedCited by 2 opinions
1Opinion of the Court
KANNE, Circuit Judge.
In September 1988 Elmer and Lois Hubbard purchased interests in the VMS Mortgage Investment Fund through an account executive employed by Prudential Securities. They soon regretted their purchase.
Other Prudential customers were also dissatisfied. Between December 21, 1989 and March 16, 1990, twenty two class actions were filed in the Northern District of Illinois against Prudential Securities for the sale of various of the VMS Funds, including the VMS Mortgage Investment Fund which the Hubbards had bought.
On February 7,1990, Judge Conlon consolidated these cases into one…
2Cases cited20 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- Marcy Smiga v. Dean Witter Reynolds, Inc., and Raymond B. AndersonCourt of Appeals for the Second Circuit · 1985
- United States v. One Parcel of Real Estate Commonly Known as 916 Douglas Avenue, Elgin, Illinois, Appeal of Paul F. Born, Iii, Claimant-AppellantCourt of Appeals for the Seventh Circuit · 1990
- Commonwealth Edison Co. v. Gulf Oil Corp.Court of Appeals for the Seventh Circuit · 1976
- Motion Picture Laboratory Technicians Local 780, I.A.T.S.E. v. McGregor & Werner, Inc.Court of Appeals for the Second Circuit · 1986
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3Cited by2 opinions
- In Re Vms Securities Litigation.Court of Appeals for the Seventh Circuit · 1994
- Prime Insurance Company v. Turismo Express, Inc., et al.District Court, E.D. California · 2026