Legal Opinion
Walsh v. Hooker & Fay
California Court of Appeal
Decided January 29, 1963No. Civ. 20228PublishedCited by 27 opinions
1Opinion of the CourtAgee, J.
Plaintiff was induced by false representations, made to him by defendant Scannell, to buy 4,000 shares of stock in Sastex Oil & Gas Co. Scannell was employed as an “account executive” or salesman by defendant Hooker & Pay, a stock brokerage firm.
Plaintiff purchased the stock in two lots, on November 7, 1956, and November 9, 1956, respectively, at a total cost of $3,606.17. He discovered the falsity of Scannell’s representations on November 6, 1957, at which time the stock had a reasonable market value of $180. (Plaintiff does not object to the cut-off date of November 6, 1957, although he…
2Cases cited24 opinions
- Continental Casualty Co. v. Phoenix Construction Co.California Supreme Court · 1956
- Ward v. TaggartCalifornia Supreme Court · 1959
- Bagdasarian v. GragnonCalifornia Supreme Court · 1948
- Sutter v. General Petroleum Corp.California Supreme Court · 1946
- Popejoy v. HannonCalifornia Supreme Court · 1951
19 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Stout v. TurneyCalifornia Supreme Court · 1978
- Twomey v. Mitchum, Jones & Templeton, Inc.California Court of Appeal · 1968
- Northwestern Title Security Co. v. FlackCalifornia Court of Appeal · 1970
- Salahutdin v. Valley of California, Inc.California Court of Appeal · 1994
- Boyd v. BevilacquaCalifornia Court of Appeal · 1966
22 more not listed; retrieve them via the Exa API.