Legal Opinion
Akely v. . Kinnicutt
New York Court of Appeals
Decided July 5, 1924PublishedCited by 67 opinions
1Opinion of the Court
Hiscock, Ch. J.
This case involves the interpretation of a new and rather revolutionary, provision of the Civil. Practice Act.
The action is brought by 193 plaintiffs, each one claiming to have an individual, separate and independent cause of action against the defendants for damages caused by the fraud of the latter. The substance of each cause of action is that the defendants, with others, conspired to organize a corporation and then to float its stock at much more than its actual value; that in pursuance of this conspiracy they caused to be prepared a prospectus which was widely circulated…
2Cases cited2 opinions
- People v. . DunnNew York Court of Appeals · 1899
- Smith v. Western Pacific Railway Co.New York Court of Appeals · 1911
3Cited by67 opinions
- Julius Nagler v. Admiral CorporationCourt of Appeals for the Second Circuit · 1957
- Ader v. BlauNew York Court of Appeals · 1925
- People v. SherwoodNew York Court of Appeals · 1936
- Willcox v. Harriman Securities CorporationDistrict Court, S.D. New York · 1933
- Speed v. Transamerica Corp.District Court, D. Delaware · 1945
62 more not listed; retrieve them via the Exa API.