Hudson v. Silver

Plaintiff suffered an adverse judgment upon a trial by the court, without a jury, of an action to enforce a claim arising under the Securities Law (Blue Sky Law), ch. 32, ¶ 290, sec. 37, Cahill’s Statutes. Plaintiff appeals.

November 21, 1927, plaintiff bought 50 shares of class “C” stock in the Downers Grove Investment Company, paying $10,000; he subsequently learned that the stock was not qualified under the Securities Law and tendered the stock to the sellers and demanded the return of his money, which was refused and this suit followed.

The burden is upon the defendant in these cases to…