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DOLL v. BERNARD

No. 1-90-3452.

578 N.E.2d 1053 (1991)

218 Ill. App.3d 719

161 Ill.Dec. 407

W. Gary DOLL and Richard C. Swanson, Plaintiffs-Appellants, v. David A. BERNARD, Corsicana Plaza Associates, a Delaware Ltd. Partnership, and Royal Plaza Associates, a Delaward Ltd. Partnership, Defendants-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

August 16, 1991.

Attorney(s) appearing for the Case

Beeler, Schad & Diamon, P.C., (Stephen B. Diamon, Lawrence W. Schad, David J. Philipps and William H. London, of counsel), Fishman & Merrick, P.C., (David A. Genelly, of counsel), Joyce & Kubasiak (Ed. T. Joyce, of counsel), Chicago, for plaintiffs-appellants.

Sachnoff & Weaver, Ltd., Chicago (Jack L. Block, Joan L. Feder, of counsel), for defendants-appellees.

Justice McNAMARA delivered the opinion of the court:

Plaintiffs, W. Gary Doll and Richard C. Swanson, filed this action seeking rescission of the sale of limited partnership interests against defendants David A. Bernard as general partner, Corsicana Plaza Associates and Royal Plaza Associates. Plaintiffs' interests were sold by an unregistered broker in violation of the Illinois Securities Law of 1953. (Ill.Rev.Stat.1985, ch. 121½, par. 137.8.) (Act). Plaintiffs...

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