International Trading, Ltd. v. Bell

John A. Fogleman, Justice.

The chancery court enjoined appellants from directly or indirectly employing any device, scheme or artifice to defraud; making any untrue statement of a material fact or omitting to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading, or, engaging in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person. In doing so, the court overruled appellants’ demurrer. Appellants elected to stand on that demurrer, which alleged that…