Wanless v. Burke

The plaintiff, Louise Wanless, filed a claim for rescission of the sale of certain securities allegedly sold to her by the defendants, Patricia Burke and Howard Knapp. The defendants appeal from the trial court’s rulings on the applicable statute of limitations and the availability of rescission as a remedy. Defendant Burke further appeals from the jury verdict against her.

We find that the amendment to the statute of limitations at issue here must be applied retroactively but that the amendment eliminating the plaintiffs remedy must be applied prospectively only. In addition, we find that the…