Kentucky Title Trust Co. v. Weil

Opinion op the Court by

Sims, Commissioner—

Affirming.

On November 24, 1930, Jesse Weil and wife, Vivien Weil, instituted an action in the McCracken Circuit Court against BancoKentucky, which will be hereinafter referred to as Banco, wherein they sought a rescission on the ground of fraud of a contract they had entered into with Banco relative to the exchange by the Weils of 528 shares of the capital stock of the Mechanics’ Trust and Savings Bank of Paducah, which will be hereinafter referred to as the Mechanics Trust, for 4,252 shares of Banco stock.

Certain officers of the Mechanics Trust, who…