Texas Utilities Co. v. Story

JACKSON, Justice.

The appellee, on January 30, 1933, instituted this suit in the district court of Lynn county against the appellant, and predicated his cause of action on false and fraudulent representations alleged to have been made to him by which he was induced to purchase certain corporate stock for the sum of $1,392.50, for which amount he sought judgment.

On March ■ 3, 1934, he filed a second amended original petition, on which the case was tried, and alleged that about January 1, 1930, the American Commonwealth Power Corporation of Delaware issued shares of its first preferred stock and…