United States District Court, N.D. Illinois
For United States Securities and Exchange Commission, Plaintiff: Patrick M Bryan, LEAD ATTORNEY, U.S. Securities & Exchange Commission, Washington, DC.
For Anshoo R Sethi, Intercontinental Regional Center Trust of Chicago, LLC, A Chicago Convention Center, LLC, Defendant: Scott T. Mendeloff, LEAD ATTORNEY, Gabriel Aizenberg, Jason B. Elster, Greenberg Traurig, LLP, Chicago, IL; Arthur Don, Seyfarth Shaw LLP, Chicago, IL.
For Dong Mei Xu, Intervenor Plaintiff: Michael R. Dockterman, Stephen J. Landes, William R Lee, LEAD ATTORNEYS, Edwards Wildman Palmer LLP, Chicago, IL; Henry B. Handler, William J Berger, PRO HAC VICE, Weiss, Handler & Cornwell, P.a., Boca Raton, FL.
For John Does 1 - 90, proposed: Michael R. Dockterman, William R Lee, LEAD ATTORNEYS, Stephen J. Landes, Edwards Wildman Palmer LLP, Chicago, IL.
Peter De Witt Joseph, Movant, Pro se, Chicago, IL.
For TD AMERITRADE, Inc., Intervenor: Matthew M Enenbach, Kutak Rock Llp, Omaha, NE.
For Jane Does A to N, Intervenor: Michael Lee Tinaglia, LEAD ATTORNEY, Law Offices of Michael Lee Tinaglia, Ltd., Park Ridge, IL.
AMY J. ST. EVE, United States District Court Judge.
MEMORANDUM OPINION AND ORDER
On February 26, 2013, the United States Securities and Exchange Commission
(" SEC" ) filed a three-count Complaint against Defendants A Chicago Convention Center, LLC (" ACCC" ), Anshoo Sethi (" Sethi" ), and Intercontinental Regional Center Trust of Chicago, LLC (" IRCTC" ), alleging violations of the Securities Act of 1933, 15 U.S.C. § 77q(a)(1)-(a)(3) (the " Securities Act" ), Section 10(b) of the Securities Exchange Act of 1934 (the " Exchange Act" ), 15 U.S.C. § 78j(b), and Exchange Act Rule 10b-5, 17 C.F.R. § 240.10b-5 (" Rule 10b-5" ). (R. 3, Compl.) On April 29, 2013, A Chicago Convention Center, LLC and Intercontinental Regional Center Trust of Chicago, LLC (collectively, the " Corporate Defendants" ) filed a motion to dismiss the Complaint pursuant to Federal Rule of Civil Procedure (" Rule" ) ...