Faust v. Parker
Supreme Court of Iowa
Appeal from Chichasaw District Court. — H. E. Tayloe, Judge. AotioN at law, to recover $50,000 for alleged fraud and deceit in the sale to plaintiff of $50,000 of stock in the North American Fire Insurance Company. Trial to a jury. At the close of plaintiff’s evidence, the court sustained defendants’ motion for a directed verdict as to the bank.
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Appeal from Chichasaw District Court. — H. E. Tayloe, Judge. AotioN at law, to recover $50,000 for alleged fraud and deceit in the sale to plaintiff of $50,000 of stock in the North American Fire Insurance Company. Trial to a jury. At the close of plaintiff’s evidence, the court sustained defendants’ motion for a directed verdict as to the bank. The jury returned a verdict for plaintiff for $50,000, with interest at 6 per cent from July 15, 1919. This was reduced by various remittiturs and by the court, so that judgment was finally rendered in favor of plaintiff and against Parker and Himes…
1Opinion of the CourtPeeston, J.
It is charged that there was a conspiracy between the defendants and six or seven other persons named, stock salesmen and one or two officers of the insurance company, to induce plaintiff to purchase stock in the company, and to *1225make certain representations to plaintiff for that purpose; that the conspiracy included a scheme to induce plaintiff to give notes and mortgages for the purchase price of the stock, and that defendants would offer to finance the transaction. It was also alleged that the stock subscribed for by plaintiff was resale stock, belonging to the agents; that plaintiff gave…
2Cases cited12 opinions
- Hubbell v. . MeigsNew York Court of Appeals · 1872
- Boddy v. HenrySupreme Court of Iowa · 1901
- Stoke v. ConverseSupreme Court of Iowa · 1911
- Warfield v. ClarkSupreme Court of Iowa · 1902
- Gray v. SanbornSupreme Court of Iowa · 1916
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