Adams v. Hare

Argued January 16, 1934. Trespass for deceit.

The facts are stated in the opinion of the lower court, by PARRY, J., as follows:

The plaintiffs in this case, one hundred and twenty-nine in number, were stockholders in the National Credit Corporation. On June 30, 1926, the defendant, Hare Chase, Inc., of which the other defendants were officers or directors, offered to buy the stock of The National Credit Corporation and give in exchange stock in Hare Chase, Inc., together with $7.75 in cash for each share of preferred stock. The letter making the offer contained certain statements as to the…