Smith v. Barton

MILLIKEN, Justice.

This appeal is from a judgment in the sum of $8,779.90 rendered against the thirteen appellants as damages, for alleged fraudulent misrepresentations concerning the outstanding indebtedness of the TriState Broadcasting Company, whose stock was purchased from appellants by appellees.

Appellants were, prior to February 1, 1950, shareholders and directors in the TriState Broadcasting Company, which operated Radio Station WCPM in Middlesboro. Appellees are the shareholders and directors of the Cumberland Gap Broadcasting Company which owns and operates Radio Station WMIK in…