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KEMPER v. LOHNES

No. 9752.

173 F.2d 44 (1949)

KEMPER v. LOHNES.

United States Court of Appeals Seventh Circuit.

March 7, 1949.

Attorney(s) appearing for the Case

Herman Chill and Max Chill, both of Chicago, Ill., for appellant.

James A. Velde and Bruce L. Carson, both of Chicago, Ill. (Gardner, Carton & Douglas, of Chicago, Ill., and Dale E. Sutton, of Pekin, Ill., of counsel), for appellee.

Before MAJOR, Chief Judge, KERNER, Circuit Judge, and WHAM, District Judge.

MAJOR, Chief Judge.

This is an appeal from an order, entered September 27, 1948, awarding judgment to the defendant on his motion to dismiss the complaint for lack of jurisdiction.

The action was brought under Sec. 12 of the Securities Act of 1933, 15 U.S.C.A. § 77l, to recover the purchase price of corporate stock sold by defendant to the plaintiff for $4,000. Federal jurisdiction was predicated upon Sec. 22(a) of the same Act, 15 U.S.C.A. §...

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