Allen v. Neale
Court of Appeals of Kentucky
CASE 87 — ACTION BY VICK ALLEN AGAINST H. C. NEALE AND OTHERS. — Appeal from Graves Circuit Court. Judgment for defendant, plaintiff appeals. — AUTHORITIES CITED.
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CASE 87 — ACTION BY VICK ALLEN AGAINST H. C. NEALE AND OTHERS. — Appeal from Graves Circuit Court. Judgment for defendant, plaintiff appeals. — AUTHORITIES CITED. Kentucky Statutes, Section 549; Shipp v. Commonwealth, 19 Reporter, 634; Trimble v. Reed, 17 Reporter, 494; Trimble v. Ward, 17 Reporter, 508; Trimble v. Reed, 19 Reporter, 604; Ward v. Trimble, 19 Reporter, 1801; Prewitt v. Trimble, 92 Kentucky, 181. Questions made and authorities relied Upon in order to sustain this action, it was incumbent on appellant to establish that appellees knowingly published and gave out statement that…
1Opinion of the Court
Opinion op the court by
Judge Barker
— Reversing
This action was instituted by the appellant, Vick Allen, to recover of the appellees, who are the officers and directors of the May Pants Company, the sum of $1,500 lost by him in the purchase of worthless stock in the company. The action is based on section 549 of the Kentucky Statutes of 1909, which is as follows :
“If the directors or officers of any corporation shall knowingly cause to he published or given out any statement or report of the condition or business of the corporation that is false in any material respect, the officers and…
2Cited by4 opinions
- Southern Insurance v. MilliganCourt of Appeals of Kentucky · 1913
- Cunningham v. ShellmanCourt of Appeals of Kentucky · 1915
- Long v. DouthittCourt of Appeals of Kentucky · 1911
- Marksberry v. First National BankCourt of Appeals of Kentucky (pre-1976) · 1922