Steinau v. Great Oak Building & Loan Ass'n

Opinion by

Mr. Justice Drew,

This is an action of assumpsit to recover the value of plaintiff’s shares in two building and loan associations which have merged with a third. Plaintiff’s suit against the resulting association seeks the value of the shares as of the date of the merger. The learned trial judge directed a verdict for defendant, and from the overruling of plaintiff’s motions for a new trial and for judgment n. o. v. he has taken the present appeal.

Plaintiff first requested information as to the value of his shares in December, 1929. Shortly thereafter he was told that a merger…