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LUCAS v. DOWNTOWN GREENVILLE INVESTORS

No. 2-95-1376.

671 N.E.2d 389 (1996)

284 Ill. App.3d 37

219 Ill.Dec. 475

Richard L. LUCAS, et al., Plaintiffs-Appellants, v. DOWNTOWN GREENVILLE INVESTORS LIMITED PARTNERSHIP, et al., Defendants-Appellees.

Appellate Court of Illinois, Second District.

October 4, 1996.

Attorney(s) appearing for the Case

Donovan & Roberts, P.C., Keith E. Roberts, Sr., Robert J. Lentz, Rosemarie Calandra, Donovan and Roberts, P.C., Wheaton, IL, for John E. Helander, Norma S. Helander and Richard L. Lucas.

Gomberg, Kane & Fischer, Ltd., Ronald P. Kane, Michael A. Kraft, Gomberg, Kane & Fischer, Ltd., Chicago, IL, for Downtown Greenville Investors Ltd. Partnership, Financial Services of Greenville, Inc., Ogilvie & Taylor Securities Corp., John T. Snipes, SSV Securities, Inc.

Justice GEIGER delivered the opinion of the court:

Richard Lucas, John Helander, and Norma Helander (the plaintiffs) appeal from the order of the circuit court of Du Page County granting summary judgment in favor of defendant Ogilvie & Taylor Securities Corporation (Ogilvie). In their complaint, the plaintiffs alleged violations of the Illinois Securities Law of 1953 (the Act) (815 ILCS 5/1 et seq. (West 1994)) and sought rescission of their purchase of...

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