Passaic Nat. Bank v. Commercial Nat. Bank
Court of Appeals for the D.C. Circuit
Appeal from the Supreme Court of the District of Columbia. Bill by the Passaic National Bank, the Rutherford National Bank, the Savings Investment & Trust Company, and others against the Commercial National Bank, Tucker K. Sands, and others. Prom a decree dismissing the bill as to the named defendants, plaintiffs appeal.
1Opinion of the Court
VAN ORSDEL, Associate Justice.
Appellants, plaintiffs below, ■filed a bill in equity in the Supreme Court of the District of Columbia, *235seeking a rescission of the purchase of certain securities, amounting to $95,000 and a money decree for the amount invested therein, with interest and costs. The facts, as alleged in the bill, are substantially as follows:
In 1910 a firm known as F. Mertens’ Sons were the owners of a large amount of mountain lands in the state of Maryland, from which timber had been cut. This firm conceived the idea of converting the land into a vast orchard scheme. To this end…
2Cases cited1 opinion
- Hindman v. First Nat. Bank of LouisvilleCourt of Appeals for the Sixth Circuit · 1902
3Cited by3 opinions
- Wyatt v. MaddenCourt of Appeals for the D.C. Circuit · 1929
- Grady v. EasleyCalifornia Court of Appeal · 1941
- Turner v. BrewerCourt of Appeals for the D.C. Circuit · 1924