Findlater v. Dorland
Michigan Supreme Court
Error to Kent; Perkins, J. Case by Charles W. Findlater against Walter A. Dorland and Cecil R. Luton for fraud. There was judgment for plaintiff, and defendants bring error.
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Error to Kent; Perkins, J. Case by Charles W. Findlater against Walter A. Dorland and Cecil R. Luton for fraud. There was judgment for plaintiff, and defendants bring error. The action is case for damages resulting from a purchase by the plaintiff of certain shares of the capital stock of the Little Frank S. Gold Mining Company, a Colorado corporation, which, it is alleged, plaintiff was induced to purchase by certain false and fraudulent representations of defendants, who had conspired together to sell said stock, by such means. In the brief, counsel for the plaintiff set out the particulars…
1Opinion of the CourtOstrander, J.
(after stating the facts). There is no testimony tending to prove that defendants ever expressed more than an opinion, and that an honest one, concerning the future payment of dividends, the future value of shares, or the condition of the property, and it appears that defendant Dorland, both before and after the plaintiff purchased his stock, was himself a consistent purchaser of the stock and became and is now owner of more than 300,000 shares. He at all times claimed and now claims that the company owns a valuable property, which development will prove. Dorland paid 15 cents a share for the…
2Cases cited8 opinions
- Smith v. BollesSupreme Court of the United States · 1889
- Sigafus v. PorterSupreme Court of the United States · 1900
- Maxted v. FowlerMichigan Supreme Court · 1892
- Hamilton v. American Hulled Bean Co.Michigan Supreme Court · 1906
- Horne v. WaltonIllinois Supreme Court · 1886
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
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- James K. Campbell, Cross-Appellants v. Shearson/american Express Inc., and J. Gary Morgan, Cross-AppelleesCourt of Appeals for the Sixth Circuit · 1987
- Seaboard Finance Co. v. BarnesMichigan Court of Appeals · 1966
- Otte v. JamesSupreme Court of Iowa · 1925