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PARRENT v. MIDWEST RUG MILLS, INC.

No. 18728.

455 F.2d 123 (1972)

James W. PARRENT and William K. Hargett, Jr., Plaintiffs-Appellees, v. MIDWEST RUG MILLS, INC., an Illinois corporation, Beacon Hills of North Carolina, Inc., a North Carolina corporation, d/b/a Mountain Rug Mills, and John H. Boss, Defendants, and Robert Boss, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

January 26, 1972.

Attorney(s) appearing for the Case

Max Chill, Charles B. Bernstein, Byron M. Getzoff, Chicago, Ill., for defendant-appellant Robert Boss; Max & Herman Chill, Chicago, Ill., of counsel.

Thomas A. Mass, Edwin Josephson, Chicago, Ill., for plaintiffs-appellees James W. Parrent and William K. Hargett, Jr.; Mass, Miller & Josephson, Chicago, Ill., of counsel.

Before KILEY, PELL and STEVENS, Circuit Judges.

KILEY, Circuit Judge.

Defendant Robert Boss is sole appellant from a judgment against defendants in a bench trial of plaintiffs' suit to set aside their purchases of stock, of the defendant companies, as fraudulent under federal and Illinois securities laws and under common law. We reverse the judgment as to Robert Boss alone.

Parrent and Hargett (plaintiffs) were employed by defendant Midwest Rug Mills, Inc. (Midwest), respectively as bookkeeper in September...

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