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DALEIDEN v. WIGGINS OIL CO.

No. 63042.

118 Ill.2d 528 (1987)

517 N.E.2d 1059

NORBERT A. DALEIDEN et al., Appellants, v. WIGGINS OIL COMPANY et al., Appellees.

Supreme Court of Illinois.

Opinion filed December 21, 1987.

Attorney(s) appearing for the Case

James S. Montana, Jr., and John A. Dienner III, of Pierce, Lydon, Griffin & Montana, of Chicago, for appellants.

Baker & McKenzie, of Chicago (Francis D. Morrissey, Norman J. Barry, Jr., and Richard B. Foster III, of counsel), for appellees.

Neil F. Hartigan, Attorney General, of Springfield (Roma Jones Stewart, Solicitor General, and Patricia Rosen, Assistant Attorney General, of Chicago, of counsel), for amicus curiae Illinois Secretary of State.

Reversed and remanded.

JUSTICE MILLER delivered the opinion of the court:

Plaintiffs, Norbert A. Daleiden, David F. Thompson and Arthur J. Tremaine, filed suit in the circuit court of Cook County against defendants, Wiggins Oil Company, Mark L. Wiggins and Jerry M. Simpson, its president and vice-president, for the rescission of the sales and recovery of the amounts plaintiffs had paid for securities in defendant corporation. After a bench trial, the circuit...

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