Gehret v. Mitten Bank Securities Corp.

Opinion by

Kellee, P. J.,

These three appeals raise practically the same question and, though argued separately, may be disposed of together in one opinion.

All three cases were actions in assumpsit brought by the respective plaintiffs against the defendant to recover from it the par value, ($25 per share), of preferred stock issued by the defendant to the several plaintiffs under an offer and proposal to buy back the same at $25 per share,—less a service charge of twenty-five cents per share—at any time the purchaser would request defendant to do so, if done prior to the said stock being listed…