Sharp v. E. D. Leavitt & Co.

ARCHBALD, J., pro tem.

This is an appeal from a judgment in favor of defendants and from an order of the trial court denying a new trial. The defendant E. D. Leavitt & Company, a California corporation, secured from the commissioner of corporations a broker’s certificate and filed a bond in the sum of $5,000 as required by section 5 of the Corporate Securities Act (Act 3814, p. 1376, Deering’s Cons. Supp. 1925-27). The surety on the bond was the defendant Hartford Accident and Indemnity Company. Thereafter Leavitt & Company employed one LeNaire to sell stock of the South Coast Gas Company. His…