Gowdy v. Richter

Mr. PRESIDING JUSTICE McNAMARA

delivered the opinion of the court:

Howard F. Gowdy filed an action under the Illinois “Blue Sky” Law (Ill. Rev. Stat. 1967, ch. 12172, par. 137.1 et seq.) in the circuit court of Cook County seeking to rescind his $20,000 purchase of 200 shares of allegedly unregistered stock in Continental-Harrison Company, a Delaware corporation. Joined as defendants in the suit were Walter H. Richter, chairman of Continental’s board of directors; A. C. McClurg and Company, an Illinois corporation; Philip Weisman, McClurg’s president; and Robert H. Greenberg, a member of…