Gowdy v. Richter

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that penal nature of the Illinois statute prevented in pari delicto and estoppel defenses
• concluding that the Illinois Blue Sky Law “is clear in allowing only statutory, not equitable, defenses” and observing that the Law’s “penal character” forecloses the “in pari delicto or estoppel defenses”
• \The penal character of the statute negates the utilization of in pari delicto or estoppel defenses.\
• “The penal character of the statute negates the utilization of in pari delicto or estoppel defenses.”
• the “penal character” of the Illinois Securities Law fee-shifting provision warns violators that they will be responsible for reasonable attorney fees incurred in returning the purchaser to his status quo

Source: CourtListener parenthetical corpus (CC0).