Piper v. Willcuts

VAN VALKENBURGH, Circuit Judge.

The facts in issue in this appeal, as in the trial court, are thus succinctly stated by the trial judge:

“Prom the stipulation of facts it appears that Mr. Piper, the plaintiff, purchased 300 shares of the capital stock of the Minneapolis Artificial Ice Rink, Inc., in the year'1924, for which he paid $30,000. He held this stock until 1927, when he sold it for $4.00. He therefore sustained a loss of $29,996, for which he was not compensated by insurance or otherwise. He did not acquire nor enter into a contract or option to acquire shares of the capital stock of…