Wong v. Paine, Webber, Jackson & Curtis

The crucial question upon this appeal is the following: Was the measure of damages for conversion of corporate stock, which was available for purchase upon stock exchanges, to be computed at $35,125 per share, its value at the date of conversion, or at $96,875, its value eight months later. Arbitrators duly appointed to decide this and other questions used the former figure in computing plaintiffs ’ damages and awarded them $575. Plaintiffs moved the court to amend the award by increasing it to $13,355, based upon the higher valuation. The motion was denied; the order was treated by the…