Yohnka v. Darling Nells, Inc.

Plaintiff, Keith Yohnka, brought suit to rescind a stock purchase and to recover the original purchase price, attorney fees and costs against defendants, Darling Nells, Inc., L. Roy Custer and Roger Jones, pursuant to the Illinois Securities Act of 1953 (the Act) (Ill. Rev. Stat. 1981, ch. 121½, par. 137.1 et seq.), which makes certain sales of securities voidable at the option of the purchaser and creates a right of rescission (Ill. Rev. Stat. 1981, ch. 121½, par. 137.13). Judgment was entered in favor of plaintiff for the original purchase price in the amount of $15,000 plus reasonable…