Miller v. Griffith

This is an action brought by the plaintiff against the two defendants who were officers of a certain corporation called the Acousticon Manufacturing Company, Inc., and based upon the Securities Act of the State of Ohio, sometimes known as the “Blue Sky Law.” Plaintiff claims that he purchased ten (10) shares of stock in the Acousticon Manufacturing Company, Inc., for One Thousand Dollars ($1,000.00) and was issued a certificate for such ten shares signed by the two defendants as officers of the company. Plaintiff now seeks to recover the One Thousand Dollars by reason of the fact that he…