Price v. Winn

Bell, Chief Judge.

In his complaint, plaintiff Price alleged that he entered into agreements with the defendants for the sale and issue of 100,000 shares of "registered stock” of defendant Equity and 50,000 shares of "unregistered” Equity stock with the additional promise to register the latter shares within 13 months of the date of sale. The complaint further alleged that: Based on the above agreement, plaintiff obligated himself to sell the 100,000 shares of registered stock; that thereafter the defendants issued to plaintiff 50,000 shares of unregistered stock but only 85,000 shares of…