People v. Hebern

Defendant was tried on an information charging a violation of the Corporate Securities Act (Stats. 1917, p. 673). The jury returned a verdict of conviction, but the trial judge granted defendant’s motion for a new trial made upon all the statutory grounds. From this order the state has appealed upon a typewritten record.

The information charged that the defendant, as president of the Hebern Electric Code, Inc., authorized and assisted in the sale of two hundred shares of second preferred stock of said corporation at the price of five dollars per share, which price was in excess of the price…