Legal Opinion
Danis v. USN Communications, Inc.
District Court, N.D. Illinois
Decided October 29, 1999No. 98 C 7482PublishedCited by 16 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
CONLON, District Judge.
Lead plaintiffs Thomas Karr (“Karr”) and Jack Priesmeyer (“Priesmeyer”) sue various defendants for violation of the securities laws in connection with the sale of stock in USN Communications, • Inc. (“USN”) in 1998. Karr and Priesmeyer move to certify a plaintiff class and an underwriter defendant class pursuant to Fed.R.Civ.P. 23.
BACKGROUND
In ruling on a motion for class certification, the allegations of the complaint are taken as true. Hickey v. Great Western Mortgage Corp., 158 F.R.D. 603, 606 (N.D.Ill. 1994). Plaintiffs are purchasers of…
2Cases cited40 opinions
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- Rosario v. LivaditisCourt of Appeals for the Seventh Circuit · 1992
- Robert Eckstein v. Balcor Film InvestorsCourt of Appeals for the Seventh Circuit · 1993
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3Cited by16 opinions
- In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2003
- Anderson v. CornejoDistrict Court, N.D. Illinois · 2000
- In re Select Comfort Corp. Securities LitigationDistrict Court, D. Minnesota · 2001
- In Re Critical Path, Inc. Securities LitigationDistrict Court, N.D. California · 2001
- Davis v. SPSS, INC.District Court, N.D. Illinois · 2005
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