Foreman v. Holsman

JUDGE KILEY

delivered the opinion of the court.

This is an action under Section 37 of the Illinois Securities Act of 1919 as amended (Ill. Rev. Stat. 1951, Chap. 121%, Section 97 (1)) to recover an investment represented by a trust certificate allegedly sold in violation of the act. The issues were referred to a master in chancery who found for plaintiffs and recommended a decree in their favor. The chancellor approved the master’s report and entered a judgment, according to the recommendation, for $6,000 plus $1,500 attorneys’ fees. Defendants have appealed.

The Community Development General…