Weisbrod v. Lowitz

Mr. Presiding Justice McSurely

delivered the opinion of the court.

Plaintiff brought suit to recover the purchase price of 1,000 shares of Electric Bond and Share Company stock alleged to have been sold by defendants to plaintiff, in violation of the Illinois Securities Law, claiming damages of $35,000; upon trial by the court the judgment was against him, and from this he appeals. It is conceded that the stock in question was not registered or qualified under the provisions of the Illinois Securities Law and not exempt under any of its provisions.

Defendants first say, in defense, that they…