Legal Opinion
Gordon S. Mark v. McDonnell & Co., Inc.
Court of Appeals for the Seventh Circuit
Decided August 25, 1971No. 18884_1PublishedCited by 8 opinions
1Opinion of the Court
STEVENS, Circuit Judge.
On December 24, 1969, plaintiff filed a complaint alleging that on January 30 of that year he had purchased from defendant 500 shares of its nonvoting stock. He alleged that the consideration for the purchase was (a) his agreement to lend either $250,000 or 4300 shares of American Home Products Company stock to defendant, and (b) his payment to defendant of the book value of the stock. He actually loaned 4301 American Home shares and paid $38,005 at the rate of $76.01 per share to defendant. His complaint prayed for rescission of the entire transaction.
The complaint was…
2Cases cited3 opinions
- Charles E. Ortman, Jr. v. Stanray CorporationCourt of Appeals for the Seventh Circuit · 1971
- Ashwell & Company, Inc. v. Transamerica Insurance CompanyCourt of Appeals for the Seventh Circuit · 1969
- Stein v. Twilight Motel, Inc.Appellate Court of Illinois · 1961
3Cited by8 opinions
- Martin v. Orvis Bros. & Co.Appellate Court of Illinois · 1974
- Charles B. Cannon v. U. S. Acoustics CorporationCourt of Appeals for the Seventh Circuit · 1976
- Gowdy v. RichterAppellate Court of Illinois · 1974
- Norville v. Alton Bigtop Restaurant, Inc.Appellate Court of Illinois · 1974
- Blue Sky L. Rep. P 71,073 Jules R. Green v. Weis, Voisin, Cannon, Inc., Henry A. Markus v. Weis, Voisin, Cannon, Inc.Court of Appeals for the Seventh Circuit · 1973
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