Karamanou v. H. v. Greene Co.

The wrong of which the plaintiff really complains, it is inferred from the declaration and briefs, is the sale to him by the defendant of certain securities of less value than the amount he has paid for them. His contention is that by virtue of the fact that the sale was made in violation of the provisions of c. 202, Laws 1917, he may maintain his suit without proof of the facts essential to recovery in a common-law action of deceit.

The defendant’s first ground of demurrer is that the statute upon which plaintiff relies, “An act to protect the public against the sale of worthless securities,”…