Campbell v. Johnson

RYAN, District Judge.

Plaintiff sues to recover $1,319,243.80, damages he alleges he sustained by reason of fraud practiced on him by defendant’s testator in connection with the purchase by plaintiff of all the stock and debentures of National Pneumatic Company from defendant’s testator on February 21, 1944. The specifications of fraud arise from alleged inaccuracies in a certain balance sheet of “Pneumatic” which was submitted to plaintiff in negotiations preceding plaintiff’s purchase. Defendant by answer affirmatively alleges that the assets of “Pneumatic” were in truth far in excess of…