Phipps v. Bowers

GODDARD, District Judge.

The defendant has moved to dismiss the complaints in each of the above-entitled actions on the ground that they respectively failed to state facts sufficient to constitute a cause of action. The allegations set forth in the several complaints are similar in their general facts, although the amounts involved vary, and the questions presented are alike, so that the consideration of the facts in one ease is sufficient and the determination of one case applies to them all.

During the year 1919 the plaintiff purchased but not as an original subscriber $4,000,000 par value of…