Weinstein v. Aeolian Co.

Pee Curiam.

This is an action by a stockholder against The Aeolian Company, a foreign corporation, and the members of its board of directors. The amended complaint pleads two causes of action — the first for a judgment of rescission of plaintiff’s consent to the reorganization plan adopted July 20, 1932, and for a rescission of the transaction whereby plaintiff exchanged fifty shares of the preferred stock of said company for fifty shares class A preferred stock and certain notes of said corporation, because of alleged fraud and misrepresentations made to plaintiff by the officers and…