Legal Opinion

Kalb v. Vega

Court of Special Appeals of Maryland

Decided December 14, 1983No. 255, September Term, 1983PublishedCited by 15 opinions

1Opinion of the Court

WILNER, Judge.

On or about June 15, 1978, Gerald Kalb sold to Richard Vega 98 shares of common stock in a corporation known as Telecommunications Systems, Inc. (TSI). The purchase price was $6,000. Kalb later came to believe that he had been defrauded by Vega — that the stock was worth a great deal more than $6,000, and that by a combination of concealment and affirmative misrepresentation Vega had induced Kalb to sell the stock for the lower price. On November 15, 1979, Kalb sued Vega in the Circuit Court for Baltimore City seeking a rescission of the sale and the return of the stock. The…

2Cases cited23 opinions

  1. Murphy Oil Co. v. BurnetSupreme Court of the United States · 1932
  2. Martens Chevrolet, Inc. v. SeneyCourt of Appeals of Maryland · 1982
  3. Appel v. HupfieldCourt of Appeals of Maryland · 2001
  4. Murphy Oil Co. v. BurnetCourt of Appeals for the Ninth Circuit · 1932
  5. Staub v. StaubCourt of Special Appeals of Maryland · 1977

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3Cited by15 opinions

  1. Duggan v. KetoDistrict of Columbia Court of Appeals · 1989
  2. Holloway v. Faw, Casson & Co.Court of Special Appeals of Maryland · 1989
  3. Lawson v. Commonwealth Land Title InsuranceCourt of Special Appeals of Maryland · 1987
  4. Darcars Motors of Silver Spring, Inc. v. BorzymCourt of Special Appeals of Maryland · 2003
  5. Nationsbank of D.C., N.A. v. Blier (In Re Creative Goldsmiths of Washington)United States Bankruptcy Court, D. Maryland · 1995

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