FOREMAN v. HOLSMAN

Gen. No. 46,686.

9 Ill. App.2d 317 (1956)

132 N.E.2d 688

Sidney Foreman, and Ruth Foreman, Appellees, v. Henry K. Holsman, William T. Holsman, H.G. Croll, L.E. Adams, Jr., and Trust Company of Chicago, Appellants.

Appellate Court of Illinois — First District, Third Division.

Released for publication March 29, 1956.


Attorney(s) appearing for the Case

Kirkland, Fleming, Green, Martin & Ellis, of Chicago, for Trust Company of Chicago, appellant; Vernon M. Welsh, and Don H. Reuben, both of Chicago, of counsel; Horace A. Young, of Chicago, for H.G. Croll, and L.E. Adams, Jr., appellants; Madigan and Thorsen, of Chicago, for Francis Tyler Pierce, intervening petitioner-appellant; Robert Thorsen, of Chicago, of counsel.

Moody, Foster & Barrett, and Crowley, Sprecher and Weeks, all of Chicago, for appellees; Edward W. Barrett, and Robert A. Sprecher, both of Chicago, of counsel.


JUDGE KILEY delivered the opinion of the court.

This is an action under Section 37 of the Illinois Securities Act of 1919 as amended (Ill. Rev. Stat. 1951, Chap. 121 1/2, Section 97 (1)) to recover an investment represented by a trust certificate allegedly sold in violation of the act. The issues were referred to a master in chancery who found for plaintiffs and recommended a decree in their favor. The chancellor approved the master's report and entered a judgment...

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