Sajor v. Ampol, Inc.

Crane, Ch. J.

On April 5,1932, the plaintiff, Kasimir Sajor, subscribed to thirty units of capital stock of Ampol; Inc., each consisting of one share of common stock of $10 par value and one share of preferred seven per cent cumulative stock, par value $90, for which he agreed to pay $100 per unit. Later he paid $1,000 and subsequently brought this action to recover it back and to cancel his subscription on the ground of fraud. He alleged that the defendant corporation and Wegrzynek, the president, sold him this stock through false representations in representing that the corporation was…