Fidelity-Philadelphia Trust Co. v. Simpson

Gordon, Jr., J.,

This is a bill in equity, brought by the trustees of the estates of Thomas Simpson, William Simpson and James Simp*404son against W. Percy Simpson, to compel the complete performance by the defendant of a contract for the sale of 5140 shares of the stock of the Eddy-stone Manufacturing Company, held by the trustees in their trust capacity, which contract is alleged to have been fraudulently induced by the defendant in 1903 for a fraudulent purpose; and the fraud successfully concealed until shortly before the institution of these proceedings.

Most, if not all, of the facts in the…