Smith v. Middle States Utilities Co. of Delaware

From April 26, 1928, to January 20, 1929, the plaintiffs in this action, on four different occasions, purchased preferred and common shares of stock of the defendant corporation. Such purchases were made on April 26, May 6 and July 17, 1928, and on January 20, 1929, and aggregated 41 -shares of preferred and 8 shares of common stock of the defendant corporation, for which the plaintiffs paid approximately $4,000.

On January 22, 1935, plaintiffs commenced three separate actions against the defendant. The first of these actions involved 21 shares of preferred and 5 shares of common stock…