Stevens v. Crystal Lake Transportation Sales, Inc.

Mr. PRESIDING JUSTICE DIERINGER

delivered the opinion of the court:

This is an appeal from an order entered by the Circuit Court of Cook County granting defendants’ motion for summary judgment. Plaintiff brought an action pursuant to section 13 of the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1973, ch. 121%, § 137.13) to rescind the sale of stock in Crystal Lake Transportation Sales, Inc. Plaintiff sought to rescind the sale on the grounds that the securities were not registered with the Illinois Secretary of State and were not properly qualified for any exemption from registration. The…