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ILL. ROCKFORD CORP. v. KULP

No. 41084.

41 Ill.2d 215 (1968)

242 N.E.2d 228

ILLINOIS ROCKFORD CORPORATION, Appellant, v. LEO KULP et al., Appellees.

Supreme Court of Illinois.

Opinion filed November 22, 1968.

Attorney(s) appearing for the Case

LEE A. FREEMAN, of Chicago, for appellant.

JOSEPH D. BLOCK, of Chicago, (AARON, AARON, SCHUMBERG & HESS, of counsel,) for appellees.

Appellate Court reversed; circuit court affirmed.

Mr. JUSTICE HOUSE delivered the opinion of the court:

This is an action for the rescission of a stock sale or, in the alternative, for damages arising out of defendant's alleged fraudulent representations, which induced plaintiff, Illinois Rockford Corporation (Rockford), to sell to defendant, Western Picture Frame Company, its 50% share of the capital stock of Pullman Couch Company (Pullman) for an inadequate...

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