Reinertson v. Struthers

The action as originally brought was to recover the amount alleged to have been paid by the appellee Anton Reinertson to the appellant Bankers’ Loan & Investment Company for 120 shares of its capital stock. It was alleged that the purchase ivas induced by fraudulent representations on the part of individual appellants, who were the officers and directors of the corporation, and that appellee had rescinded the contract of purchase and tendered back the stock so purchased.

After the expiration of five years from the completed sale of the stock, the appellee filed an amendment to the petition, in…