Hanneman v. Gratz

The two cases were tried together. Plaintiff in each case appeals from the order denying a new trial, after findings of fact and conclusions of law in defendant’s favor had been filed.

The actions were brought to recover moneys paid for certificates of shares in the Range Petroleum Company, issued by defendant as secretary and one Hall as president. The complaint alleged that the company was not incorporated and had never complied with Laws of 1917, p. 635, c. 429, known as the blue sky law; that defendant was not the owner of the shares; that he sold the same as a dealer to plaintiffs in the…