Puntenney v. Mantle

This is an action of assumpsit brought by appellee against appellant in the circuit court of Sangamon county, to recover back money paid by appellee for Class “D” securities under the Illinois Securities Law passed by the legislature in 1919, Cahill’s St. ch. 32, If 254 et seq., on the ground that the same were sold to appellee by appellant in violation thereof.

The first count of the amended declaration charges that appellee bought 1,000 shares of stock of the Consumer’s Oil Shale Company for the sum of $90; that said stock was Class “D” securities; that said company had not qualified, under…