Jones and Laughlin Steel Corporation v. Sedalia Industrial Loan and Investment Company, a Corporation, and Claude L. Boul

VOGEL, Circuit Judge.

Jones and Laughlin Steel Corporation, plaintiff-appellant herein, instituted this suit to recover $22,235.68, the balance due on the purchase price of a shipment -of steel, together with a like amount for punitive damages. It alleges fraud and -deceit against the defendants-appellees, claiming fraudulent misrepresentations and concealments by the defendants induced them to make the shipment. Diversity of citizenship and amount involved satisfy federal jurisdiction.

Defendants moved under Rule 56 of the Federal Rules of Civil Procedure, 28 U.S.C.A., for summary judgment,…