National Leather Co. v. Roberts
Court of Appeals for the Sixth Circuit
Appeal from the District Court of the United States for the Western Division of the Southern District of Ohio; Howard C. Hollister, Judge. Suit in equity by Harvey H. Roberts against the National Leather Company. Decree for complainant, and defendant appeals. In September, 1908, Mr. Paul Hooven and some associates, at Hamilton, Ohio, came into possession o£ a supposedly very valuable secret process for tanning leather.
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Appeal from the District Court of the United States for the Western Division of the Southern District of Ohio; Howard C. Hollister, Judge. Suit in equity by Harvey H. Roberts against the National Leather Company. Decree for complainant, and defendant appeals. In September, 1908, Mr. Paul Hooven and some associates, at Hamilton, Ohio, came into possession o£ a supposedly very valuable secret process for tanning leather. For its development and practice, they organized an Ohio corporation, called the National Leather Company, with a capital stock of $100,000 common, and $50,000 preferred. Their…
1Opinion of the CourtDenison, Circuit Judge
(after stating the facts as above). 1. The record does not present the customary issues in such cases. It *924was quite obvious, on the face of the matter as submitted to Dr. Roberts at the outset, that the investment was speculative, and might be either profitable or disastrous, according to what might prove to be the commercial value of the new process. The bill of complaint seems to recognize this situation, and does not allege that the company or its representatives made any misrepresentation affecting the value of this stock, save only as such misrepresentation might be found in the…
2Cases cited9 opinions
- Scott v. DeweeseSupreme Court of the United States · 1901
- Tyler v. SavageSupreme Court of the United States · 1892
- United States v. Bitter Root Development Co.Supreme Court of the United States · 1906
- Sawyer v. PrickettSupreme Court of the United States · 1874
- Warmath v. O'DanielCourt of Appeals for the Sixth Circuit · 1908
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