ANVIL INVESTMENT LTD. PARTNERSHIP v. THORNHILL CONDOMINIUMS, LTD.

No. 78-2011.

85 Ill. App.3d 1108 (1980)

407 N.E.2d 645

ANVIL INVESTMENT LIMITED PARTNERSHIP et al., Plaintiffs-Appellees, v. THORNHILL CONDOMINIUMS, LTD., et al., Defendants-Appellants.

Appellate Court of Illinois — First District (4th Division).

Opinion filed June 12, 1980.


Attorney(s) appearing for the Case

James D. Goodman and Edgar A. Blumenfeld, Ltd., both of Chicago, for appellants.

Morris J. Coff and Ronald R. Rassin, both of Chicago (Fink, Coff and Stern, of counsel), for appellees.


Judgment affirmed.

Mr. JUSTICE JOHNSON delivered the opinion of the court:

Plaintiffs brought this action pursuant to the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1977, ch. 121 1/2, pars. 137.12, 137.13) and sections 12 and 17 of the Federal Securities Act of 1933 (15 U.S.C. §§ 77(1), 77(q) (1976)), to rescind their purchase of interests in a real estate limited partnership. Plaintiffs' complaint alleged violations involving the misstatement...

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