Bartol v. Walton & Whann Co.
U.S. Circuit Court for the District of Delaware
This is a suit in equity by Henry W. Bartol, individually and as trustee, against the Walton & Whann Company, a corporation, and James P. Winchester and Francis N. Buck, as receivers of said company, for the rescission of a contract of subscription to the stock of the defendant company.
1Opinion of the Court
DALLAS, Circuit Judge.
On June 27, 1892, the complainant purchased, in his own right, 100 shares, and, as trustee, 10 shares, of the preferred stock of the Walton & Whann Company, a Delaware corporation, party defendant. About three mouths prior to this purchase a prospectus had been issued by a firm of bankers, who were the agents of the Walton & Whann Company in that behalf. The bill charges that:
“This prospectus, for the purpose of fraudulently Inducing your orator and others to buy the preferred stock of the Walton & Whann Company, made certain material representations as to the financial…
2Cases cited13 opinions
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- Very v. LevySupreme Court of the United States · 1852
- Griswold v. GebbieSupreme Court of Pennsylvania · 1889
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