Jones v. Pingree

Plaintiff brought this action in the district court of Weber county, Utah, to recover a judgment against the defendant on account of alleged fraud practiced by the defendant upon the plaintiff in a transaction whereby the plaintiff purchased from the defendant 50 shares of the capital stock of the National City Bank of Salt Lake City, Utah. In his complaint plaintiff alleges in substance that on October 15, 1920, the defendant falsely and fraudulently stated to the plaintiff that the capital stock of the National City Bank was worth $250 per share; that the bank was financially sound and…