Lowe v. Kohn

The plaintiff brought this action to recover damages for a loss which he claimed to have suffered in connection with the purchase and sale of stock in the Hartman Tobacco Company. The defendants were officers and directors of the company. The plaintiff claims that on September 30, 1929, he purchased five hundred shares of stock in the company upon the representation of two of the defendants, Jerome H. and Solomon J. Kohn, that if he made such a purchase the company would see to it that he suffered no loss by the acquisition of the stock, and that on October 10, 1930, he sold it at a loss of…