O'Hara v. Derschug

Plaintiff has recovered a judgment against defendant for $106,619.22 and costs for an alleged fraud, in the nature of deceit. Plaintiff’s complaint, and his bills of particulars, allege that on or about July 1, 1925, defendant, who was president of, and a stockholder in, the Syracuse Washing Machine Company, falsely represented to plaintiff that the “ actual and true ” value of the class B common stock of said company “ was greatly in excess of its then market value,” and that he could not make a better investment. Plaintiff further alleges that, believing, relying, and acting upon such…