Legal Opinion
Hess v. I.R.E. Real Estate Income Fund, Ltd.
Appellate Court of Illinois
Decided February 26, 1993No. 1—90—0107, 1—90—0177 through 1-90-0185, 1-90-0373, 1-90-0374 consPublishedCited by 34 opinions
1Opinion of the CourtJustice Cousins
The consolidated appeals before this court involve class actions. Twelve consolidated appeals arose from a violation of section 12C of the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1985, ch. 121½, par. 137.1 et seg.), which requires all persons who sell securities to register with the Secretary of State. Each of the defendants sold securities to at least one of the plaintiffs through unregistered brokers.
Plaintiff Hess dealt only with defendant I.R.E Real Estate Income Fund, Ltd. (IRE). On May 20, 1988, Hess brought a class action on behalf of all persons who purchased securities…
2Cases cited25 opinions
- O'Shea v. LittletonSupreme Court of the United States · 1974
- American Pipe & Construction Co. v. UtahSupreme Court of the United States · 1974
- Crown, Cork & Seal Co. v. ParkerSupreme Court of the United States · 1983
- Steinberg v. Chicago Medical SchoolIllinois Supreme Court · 1977
- Robert La Mar v. H & B Novelty & Loan Company, Ronald J. Kinsling v. Allegheny AirlinesCourt of Appeals for the Ninth Circuit · 1973
20 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- In Re Enron Corp. SecuritiesDistrict Court, S.D. Texas · 2006
- Regnery v. MeyersAppellate Court of Illinois · 1997
- Hillenbrand v. Meyer Medical Group, SCAppellate Court of Illinois · 1999
- Staub v. Eastman Kodak Co.New Jersey Superior Court Appellate Division · 1999
- prod.liab.rep. (Cch) P 15,068 Thomas Athmer v. C.E.I. Equipment Company Inc.Court of Appeals for the Seventh Circuit · 1997
29 more not listed; retrieve them via the Exa API.