Tobey v. Sundling

Mr. PRESIDING JUSTICE SULLIVAN

delivered the opinion of the court;

Plaintiff brought a suit in equity to rescind stock sales and to recover the original purchase price plus interest and attorney’s fees pursuant to the Illinois Securities Lav/ of 1953 (the Act) (Ill. Rev. Stat. 1973, ch. 121½, par. 137.1 et seq.), which makes certain sales of securities voidable at the option of the purchaser and creates a right of rescission. (Ill. Rev. Stat. 1973, ch. 121½, par. 137.13). An order was entered substituting Sundling, Pelikan and Carr, not individually but as co-trustees of NX Corporation…