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TIRAPELLI v. ADVANCED EQUITIES, INC.

No. 1-03-2463.

813 N.E.2d 1138 (2004)

351 Ill. App.3d 450

286 Ill.Dec. 445

Ronald R. TIRAPELLI and Michael Webb, Plaintiffs-Appellants, v. ADVANCED EQUITIES, INC., Lee Wiskowski, Jack Pressman, Communication Infrastructure Development Corporation, OptimalPath Digital Network, and Telecom Capital Group, LLC, Defendants-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

July 30, 2004.

Attorney(s) appearing for the Case

Gerald B. Mullin, P.C., Chicago (Gerald B. Mullin, Richard Larson, of counsel), for Appellants.

Freeborn & Peters, LLP, Chicago (Michael D. Freeborn, Douglas A. Albritton, Catherine A. Miller, of counsel), for Appellees Lee Wiskowski, Communication Infrastructure Development Corporation and Telecom Capital Group, LLC.

Joseph E. Tighe, P.C., Chicago (Joseph E. Tighe, of counsel), for Appellee Advanced Equities, Inc.

Burris Wright Slaughter & Tom, L.L.C., Chicago (Darryl Tom, of counsel), for Appellees Jack Pressman and OptimalPath Digital Network.

Justice GALLAGHER delivered the opinion of the court:

Plaintiffs Ronald Tirapelli and Michael Webb brought suit against defendants Lee Wiskowski, Jack Pressman, Advanced Equities (Advanced), OptimalPath Digital Network (Optimal), and Telecom Capital Group (TCG) seeking rescission and damages based on alleged violations of sections 12(F), 12(G), and 12(I) of the Illinois Securities Law of 1953 (Illinois Securities Law) (815 ILCS 5/12(F), (G), (I) (West 1998)), as well...

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