American Exchange National Bank v. Goubert

So far as this action upon the undertaking proceeds for indemnity' for the plaintiff’s alleged loss through the prevention of the sale of the securities, the case has not been established, there being no proof that an actual loss resulted. The book value of the corporate assets as of December, 1906, disclosed a certain standard of the value of the stock, which value was slightly increased in December, 1907. The stock had no market value; and the mere fact that it sold at less than a price conforming to the 1906 and 1907 book value, when offered by the plaintiff at public *603sale in April, 1908,…