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JAMES v. ERLINDER MANUFACTURING CO.

No. 79-177.

80 Ill. App.3d 4 (1979)

398 N.E.2d 1225

LEWIS F. JAMES, Plaintiff-Appellee, v. ERLINDER MANUFACTURING COMPANY et al., Defendants-Appellants.

Appellate Court of Illinois — First District (2nd Division).

Opinion filed December 31, 1979.

Attorney(s) appearing for the Case

Dannen, Crane, Heyman & Haas, of Chicago (Eugene Crane and Mitchell A. Cohen, of counsel), for appellants.

Goldsmith, Thelin, Schiller & Dickson, of Aurora (Bruce A. Brown, of counsel), for appellee.

Judgment reversed.

Mr. JUSTICE DOWNING delivered the opinion of the court:

Plaintiff, Lewis F. James (James), brought this action pursuant to the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1973, ch. 121 1/2, par. 137.1 et seq.) (the Act), to rescind his purchase of stock sold in violation of the Act's requirements governing exempt transactions in unregistered securities. James sought to recover the purchase price, plus interest and attorney's...

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