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GREEN v. WEIS, VOISIN, CANNON, INC.

Nos. 72-1441, 72-1647.

479 F.2d 462 (1973)

Jules R. GREEN et al., Plaintiffs-Appellants, v. WEIS, VOISIN, CANNON, INC., et al., Defendants-Appellees. Henry A. MARKUS, Plaintiff-Appellant, v. WEIS, VOISIN, CANNON, INC., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 8, 1973.

Attorney(s) appearing for the Case

William J. Scott, Atty. Gen., William P. Rosenthal, Harvey J. Barnett, Arthur W. Friedman, Chicago, Ill., for plaintiffs-appellants.

Gerald M. Newman, David L. Fisher, Stephen C. Shamberg, Chicago, Ill., for defendants-appellees.

Before MURRAH, Senior Circuit Judge, and KILEY and SPRECHER, Circuit Judges.

SPRECHER, Circuit Judge.

This appeal is concerned primarily with the meaning of the words "sale" or "sell" in the Illinois Securities Act.

Plaintiffs appealed from grants of summary judgments for defendants in a diversity action seeking rescission of stock purchases because of the failure of defendants to comply with the registration requirements of the Illinois Securities Act. Ill.Rev.Stat., ch. 121½, §§ 137.1 et seq. The state of Illinois...

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