Wickstrand v. Nelson

This opinion is in the Wickstrand case but applies as well to the Kyselka case.

This is an appeal by defendant Michigan Fuel & Light Company, a corporation, from a judgment against it for false representations made by defendant Helmer Nelson, one of its employees, inducing plaintiffs to purchase shares of stock in the American Commonwealth Power Corporation of Delaware. Mr. Nelson’s liability is not here questioned.

The alleged false representation was, in substance, that the American Commonwealth Power Corporation owned and operated the Michigan Fuel & Light Company and various other public…