Hubbard v. International Mercantile Agency

Bergen, V. C.

The complainant’s bill of complaint charges that the defendant, through its officers, induced him to purchase one hundred shares of the capital stock of the defendant corporation at par, pajdng therefor, in cash, $10,000; that he was induced to make such purchase upon the representation made ■ by defendant’s officers that none of the stock had been sold for a price less than par; that this statement was untrue, shares having been sold out of the treasury stock of the company for less than par; that as soon as the complainant discovered the untruth he sought to rescind his…