Shearson Lehman Sued: Quantum B.V.I., a $2.1-billion...

Shearson Lehman Sued: Quantum B.V.I., a $2.1-billion stock fund, has sued Shearson Lehman Hutton Inc. and 103 stock-index futures brokers and traders for allegedly defrauding it of $60 million three days after the October, 1987, stock market crash. Quantum charged Shearson, three Shearson brokers and up to 100 traders in the Chicago Mercantile Exchange’s Standard & Poor’s 500 futures pit with fraud, breach of fiduciary duty and violations of the Commodity Exchange Act, according to the suit filed late last week in the U.S. District Court for the Northern District of Illinois. Quantum is run by money manager George Soros.