Craig v. Wright

This is a suit in chancery brought by 34 plaintiffs. Each claims the right to recover on the ground that through fraud and misrepresentation he was induced by defendants to invest money incident to purchasing between 700 and 800 acres of land in Presque Isle county bordering on the shore of Lake Huron and extending inland along Ocqueoc river to a lake of the same name. The promoters proposed either to develop this property as a resort community or to resell it at an advanced price to other parties contemplating such development. There were upwards of 80 subscribers to the enterprise.…