Edwards v. Southern States Finance Co.

BeogdeN, J.(1) In a suit for damages against the directors of a bankrupt corporation, upon the ground of fraudulent and false representations in the sale of stock, is evidence of false representations made by stock salesmen of the corporation, not in the presence of the directors sued, competent against such directors?(2) In such an action, in the .absence of allegation or proof warranting punitive damages, is it competent to offer in evidence the financial worth of one of the defendants?

The plaintiff seeks to recover from the defendants upon two theories, to wit:

First, that the defendants…