Wehrwein v. Eastman Springs Beverage Co.

Plaintiff brought suit to recover money which he paid for stock sold to him, as he alleges, -in violation of the provisions of the Illinois Securities Law, and upon trial had a verdict and judgment for $625 a,gainst defendants, George W. Beauchamp and Mark Shanks, the cause having been dismissed as to the Eastman Springs Beverage Company, Beauchamp and Shanks appeal.

The statute under which the action was brought is sometimes called the “Blue Sky Law,” approved and in force June 10, 1919, chapter 32, 254, et seq. of Cahill’s Illinois Statutes of 1925. It was analyzed and held constitutional in…