McBreen v. Iceco, Inc.

JUDGE BURKE

delivered the opinion of the court.

On July 24, 1953, twelve plaintiffs filed a complaint under the Illinois Securities Law of 1919 against Iceco, Inc., an Illinois corporation, and Clemens J. Tafel and prayed that judgment be entered for each plaintiff for the amount paid for the stock of the corporation and attorneys’ fees in the action. On October 28, 1953, a judgment aggregating $92,500, including $8,500 attorneys’ fees, was entered in favor of the twelve plaintiffs and against the corporation in default of an answer. There was no appeal from this judgment. On February 11, 1954,…