Taormina v. Antelope Mining Corp.

Plaintiffs brought an action to recover the sum of $3,500 paid by them for the purchase of capital stock of the defendant Antelope Mining Corporation. This appeal is from the judgment, entered after trial before the court, against defendant corporation and W. B. Stevens and Frank L. DeWolf, directors thereof.

Plaintiffs alleged that the defendant corporation had been granted a permit by the Commissioner of Corporations to issue capital stock of the par value of $20,000, with the provision that the certificates should be held in escrow and not released without the written consent of the…