Fed. Sec. L. Rep. P 94,824 Aquionics Acceptance Corporation v. Richard Kollar

LIVELY, Circuit Judge.

Two questions are presented in this appeal from a jury verdict in favor of the defendants. The plaintiff sued for damages suffered by it in the purchase of stock of the defendant Statler Engine Corporation in reliance upon allegedly false and misleading statements made by various defendants. The corporate plaintiff caused the stock in Statler to be issued in its name as an investment medium for its shareholders. Both Aquionics and Statler are Ohio corporations and the negotiations which led up to the purchase of Statler stock by Aquionics took place within that state. In…