material fact or any omission to state a material fact necessary in order to make the statements made, ■ in the light of the circumstances under which they were made, not misleading. H. To sign or circulate any statement, prospectus, or other paper or document required by any provision of this Act or pertaining to any security knowing or having reasonable grounds to know any material representation therein contained to be false or untrue. I. To employ any device, scheme or artifice to defraud in connection with the sale or purchase of any security, directly or indirectly. 815 111. Comp *3 (N.D.Ill. Feb. 9, 1996) (“[S]cienter is not an essential element to an action under the Illinois Blue Sky laws.”). But see People v. Whitlow, 89 Ill.2d 322, 60 Ill.Dec. 587, 433 N.E.2d 629, 634 (1982) (<HOLDING>). In the instant case, Allstate has adequately
holding dismissal proper where complaint fails to allege an essential element of plaintiffs claim holding that causation is an essential element in failure to warn claim holding that under illinois law interpreting the meaning of a contract is a question of law determined by the court holding that scienter is an essential element of a claim alleged under  121 of the illinois security law holding dollar amount is not an essential element