Standard Insurance Agency, Inc. v. Northeast Rapid Transit Co.

This is an action by Standard Insurance Agency, Inc., a corporation, hereinafter called plaintiff, against Northeast Rapid Transit Company, a corporation, hereinafter called the company, and C. M. Menderson, its president and general manager, to recover damage's alleged to have been sustained by plaintiff as a result of the purchase from defendants of certain stock in the company, the allegation being that such purchase was induced by false representations of fact made by Menderson.

The case was tried to a jury which returned a verdict in favor of defendants, and from the judgment rendered on…