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BOLDON v. CHIAPPA

No. 4-85-0317.

140 Ill. App.3d 913 (1986)

489 N.E.2d 6

RICHARD BOLDON, Plaintiff-Appellant, v. SAM V. CHIAPPA et al., d/b/a Firearms Unlimited, a Partnership, Defendants-Appellees.

Appellate Court of Illinois — Fourth District.

Opinion filed February 4, 1986.

Attorney(s) appearing for the Case

Arnold F. Blockman, of Hatch, Blockman, McPheters & Fehrenbacher, of Champaign, for appellant.

Foran, Wiss & Schultz, of Chicago (Richard G. Schultz, Jeffrey C. Blumenthal, and Carl A. Gigante, of counsel), for appellees.

Reversed and remanded.

JUSTICE MORTHLAND delivered the opinion of the court:

This appeal involves a curiously labeled securities case. We reverse.

Plaintiff, Richard Boldon, brought suit to recover, pursuant to the Illinois Securities Law of 1953 (Act) (Ill. Rev. Stat. 1983, ch. 121 1/2, par. 137.1 et seq.), money invested in defendants' business. Specifically, plaintiff sought rescission of an investment contract based upon the defendants'...

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