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MELL v. GOODBODY & CO.

No. 56022.

10 Ill. App.3d 809 (1973)

295 N.E.2d 97

MELVIN MELL, Plaintiff-Appellant — (HAROLD Z. KAPLAN, Intervenor Plaintiff-Appellant), v. GOODBODY & CO., Defendant-Appellee.

Appellate Court of Illinois — First District (3rd Division).

March 8, 1973.

Attorney(s) appearing for the Case

L. Louis Karton, and Lieb & Rotche, both of Chicago, for appellants.

Petit, Safeblade, Littlejohn & Glass, of Chicago, (Edward Atlas, of counsel,) for appellee.

Judgment affirmed.

Mr. JUSTICE McNAMARA delivered the opinion of the court:

This suit was brought against the defendant, a stock broker, on behalf of the named plaintiffs, stock margin account customers of defendant, and on behalf of a class. It was an action to recover interest and penalty pursuant to the Interest Act (Ill. Rev. Stat. 1967, ch. 74, par. 4), for interest charged in excess of the amount permitted by the Interest Act, as it applies to stock...

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