Union Petrochem, Inc. v. Glore

MEMORANDUM AND ORDER

SCOTT O. WRIGHT, District Judge.

On April 3, 1980, plaintiff Union Petrochem, Inc. filed a three-count complaint against defendants Audrey E. Glore and Helen M. Glore. Plaintiff’s alleged cause of action arises out of a business transaction between the parties whereby defendants sold plaintiff their shares of common stock in Skyway Aviation, Inc. Plaintiff contends that in purchasing this stock it relied on certain material representations made by defendants which defendants knew or should have known were false. Count I of plaintiff’s complaint states a claim for common law…