Morris v. Jersey Central Power Light Co.

Fourteen bills of complaint have been filed against the Jersey Central Power and Light Company by purchasers of its preferred stock charging that the sales were induced by the fraudulent representation of the stock salesman to the effect that the company would repurchase the stock at the holder's request and at the price paid. Each bill contains two causes of action; the first praying rescission and the return of the purchase price, and the second praying specific performance and the same relief.

The defendant has applied for an order directing the complainants to elect to stand either on the…