Tjosevig v. Butler

This is an action against the directors of a corporation to recover damages for fraud alleged to have been committed by its officers in the sale of its preferred stock to plaintiffs. At the close of plaintiffs ’ evidence, certain of the defendants were dismissed from the case. At the conclusion of all the evidence, the court granted a motion challenging its sufficiency to sustain any verdict for plaintiffs against any of the defendants. From a judgment dismissing the entire action, plaintiffs have appealed.

The essential facts are these: Sometime prior to 1913, Mr. F. J. Martin organized, and…