Klein v. George G. Kerasotes Corporation (decided 9/14/07 - IL Securities Law)

In this U.S. Court of Appeals, Seventh Circuit, case, the Court held that claims related to the sale of stock to a corporation were barred by the statute of repose in Illinois Securities Law. The claims included the assertions that the sale was compelled, the value was misrepresented and the value of the stock was improperly discounted.


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