Equitable Life Ins. Co. of Iowa v. Halsey, Stuart & Co.

SPARKS, Circuit Judge.

This is an appeal from a judgment for $66,150 entered in an action in deceit to recover damages for alleged misrepresentations and concealments of fact. These were alleged to have induced appellee to purchase over $300,000 'of bonds which subsequently resulted in an alleged loss of $250,157 to appellee. Appellant alleges error as to various rulings on evidence, instructions to the jury, and failure to grant its motions for a directed verdict and for a new trial.

The bonds in question were issued during the years 1925 to 1927 by a number of local improvement districts of…