Loomis v. Pease
Massachusetts Supreme Judicial Court
Tort, afterwards by amendment Tort or Contract, with a declaration as amended in three counts, the first count being based upon false representations by the defendant as to the financial condition of the H. &. J. Brewer Company, whereby the plaintiff was induced to purchase shares therein from the defendant, and the second on false representations to the plaintiff as a shareholder in that company as to an issue of new shares having been fully taken up, so that the plaintiff…
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Tort, afterwards by amendment Tort or Contract, with a declaration as amended in three counts, the first count being based upon false representations by the defendant as to the financial condition of the H. &. J. Brewer Company, whereby the plaintiff was induced to purchase shares therein from the defendant, and the second on false representations to the plaintiff as a shareholder in that company as to an issue of new shares having been fully taken up, so that the plaintiff was induced to purchase shares of such new issue from the defendant at an advanced price. In the third count it was…
1Opinion of the CourtCarroll, J.
The plaintiff was the owner of seventy shares of the capital stock of the H. &. J. Brewer Company, a corporation of which the defendant was treasurer and general manager. In November, 1909, it was voted to increase the capital stock of the corporation by the issue of thirteen hundred additional shares-each of the par value of $100. The stockholders were given the right to subscribe for the new stock at par, in the proportion of two new shares for three old ones. This right expired March 10, 1910. The plaintiff did not exercise this privilege and a considerable amount of the stock was not…
2Cases cited22 opinions
- Nash v. Minnesota Title Insurance & Trust Co.Massachusetts Supreme Judicial Court · 1895
- United Zinc Companies v. HarwoodMassachusetts Supreme Judicial Court · 1914
- Rocci v. Massachusetts Accident Co.Massachusetts Supreme Judicial Court · 1916
- Reeve v. DennettMassachusetts Supreme Judicial Court · 1887
- Snow v. AlleyMassachusetts Supreme Judicial Court · 1892
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3Cited by21 opinions
- Calkins v. Wire Hardware Co.Massachusetts Supreme Judicial Court · 1929
- Bulger v. Wilderman and PleetSuperior Court of Pennsylvania · 1930
- McGrath v. C. T. Sherer Co.Massachusetts Supreme Judicial Court · 1935
- Ferris v. Boston & Maine RailroadMassachusetts Supreme Judicial Court · 1935
- Raymond Syndicate, Inc. v. American Radio & Research Corp.Massachusetts Supreme Judicial Court · 1928
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