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REID v. MANN

No. 74 C 896.

381 F.Supp. 525 (1974)

Donald J. REID, Plaintiff, v. Irwin MANN, Defendant.

United States District Court, N. D. Illinois, E. D.

September 9, 1974.

Attorney(s) appearing for the Case

Kenneth Franson, Homewood, Ill., for plaintiff.

Robert Morel Gray, Cirricione, Block & Krockey, P. C., Joliet, Ill., for defendant.

MEMORANDUM OPINION

WILL, District Judge.

The plaintiff herein, Donald J. Reid, brings this action under § 17(a) of the Securities Act of 1933, 15 U.S.C. § 77q(a), charging that the defendant fraudulently induced him to purchase 50,000 shares of Class B stock of Scope Research, Inc., an Illinois corporation, for $15,000. Alleging that certain instrumentalities of interstate commerce were used, the plaintiff paraphrases the statutory language of...

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