Klerlein v. Werner

Opinion by

Mr. Justice Kephart,

Appellant sued in trespass to recover damages for fraudulent representation and deceit in the sale of stock. Appellant was the owner of 200 shares of stock in a rug and carpet concern, incorporated as the Fred Werner Co., Inc., which was 10% of the total authorized and issued capital stock of the corporation. He was also vice-president and director of that company. Appellee owned practically all of the remaining shares. When the company was organized some years before, appellant agreed in writing that, if at any time he wished to sell his stock, the other…