Union Trust Co. of Pittsburgh v. Heiner

SCHOONMAKER, District Judge.

This case came before the court on argument raising a question of law. The defendant contends that the facts averred in the statement of claim do not present a legal cause of action against the defendant. The facts, as disclosed by the statement of claim, are as follows:

On November 27, 1922, the plaintiff entered into a written agreement with one B. F. Jones, Jr., whereby it agreed to purchase, at the option of said B. F. Jones, Jr., certain stock of Jones & Laughlin Steel Corporation, to be delivered to the plaintiff, or its nominee or nominees. Jones exercised…