Jaffe v. Cruttenden

The plaintiff, Jacob H. Jaffe, brought an action in the circuit court of Cook County against Walter W. Cruttenden and eight others, copartners doing business as Cruttenden & Co., to recover $3000, the purchase price of 200 shares of common stock of American Bantam Car Company, which he bought from the firm on January 15, 1946, together with his attorney’s fees. From an adverse judgment he appeals directly, the constitutionality of a statute being involved.

The gist of plaintiff’s complaint is that the stock was a Class “D” security under the Illinois Securities Law, (Ill. Rev. Stat. 1951,…