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GYGI v. GUEST

No. 83-518.

117 Wis.2d 464 (1984)

344 N.W.2d 214

Henry A. GYGI and Shirley Irene Gygi, Plaintiffs-Respondents, v. James A. GUEST, Clayton Malaise, and Chet Holloway, Defendants-Appellants, NORTHWESTERN LOAN CORPORATION, Defendant.

Court of Appeals of Wisconsin.

Decided January 24, 1984.

Attorney(s) appearing for the Case

For the appellants the cause was submitted on the briefs of Thrasher, Doyle & Pelish, Ltd., of Rice Lake.

For the respondents the cause was submitted by Gavic Law Office of Spring Valley.

Before Foley, P.J., Dean and Cane, JJ.

DEAN, J.

James Guest, Clayton Malaise, and Chet Holloway appeal a judgment for Henry and Shirley Gygi in an action based on a state securities violation. The Gygis brought this action pursuant to sec. 551.21, Stats., after Henry purchased Northwestern Loan Corporation stock that was neither registered nor exempted from state registration at the time of the purchase.1 The appellants contend that the one-year statute of limitations of sec...

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