Fryberger v. Consolidated Electric & Gas Co.

The Chancellor:

The complainant bought stock in Public Service in the years 1929 and 1930. He alleges that his purchases were induced by false and fraudulent representations made to him by persons acting in behalf of Public Service. The nature of the representations are set out in the bill, but are not here recited. In April of 1932 the complainant says he became suspicious that the representations made to him were false and in the same month sought from Public Service a rescission of his purchases, returning to it his certificates in an attempted surrender thereof. Public Service, however,…