Cuckovich v. Buckovich

This is an action for damages for alleged fraud. Defendant sold to plaintiff and, through and of defendant, plaintiff purchased one-hundred shares of stock in an oil company, at the price of $5 per share, for which, at the time, plaintiff paid defendant $500, in cash. That was done, September 22, 1919.

The gist of the action, as alleged by plaintiff, is two representations, made to him, as a part of the transaction, by defendant: (1) That the price of the stock had risen from $5 per share to $7 per share; (2) that within six years the shares would be worth and could be sold for $100 per share…