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WRIGHT v. RICHARDS

No. 5-85-0553.

144 Ill. App.3d 450 (1986)

494 N.E.2d 1269

JOHN H. WRIGHT et al., Plaintiffs-Appellants, v. FRANK RICHARDS et al., Defendants-Appellees.

Appellate Court of Illinois — Fifth District.

Opinion filed June 26, 1986.

Attorney(s) appearing for the Case

Pfaff, Garner & Terlizzi, of Salem, for appellants John H. Wright, Dan Mundell, and Charles Mundell.

Robert G. Burnside, of Burnside, Dees, Johnston & Choisser, of Vandalia, for appellees Frank Richards and Jeannine Richards.

Affirmed in part, and reversed in part and remanded.

JUSTICE HARRISON delivered the opinion of the court:

Seven plaintiffs brought this action against four defendants after learning that working interests in various oil and gas leases which they had purchased from defendants were unprofitable. Plaintiffs sought rescission of the sales and recovery of the amounts they had paid with interest as well as attorney fees under the Illinois Securities Law of 1953...

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