Fidelity-Philadelphia Trust Co. v. Simpson

Opinion by

Mb. Justice Wauling,

This bill in equity was filed to obtain redress for loss sustained through the alleged fraud of the defendant, W. Percy Simpson, — herein often referred to as “Simpson,” — in the purchase of corporate stock. The Eddy-stone Manufacturing Company was a corporation, chartered about 1880, and located at Eddystone, near Philadelphia, with a capital stock of $1,000,000, divided into 10,000 shares of $100 each, of-which stock Lincoln Godfrey, now deceased, and the Philadelphia Trust, Safe Deposit and Insurance Company, held 5140 shares as trustees of the estates of…