Wallace v. Baring
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiff, Matilda Wallace, from an order of the Supreme Court, made at the New York Special Term and entered in the office of the clerk of the county of New York on the 15th day of July, 1897, vacating a warrant of attachment against the property of the defendant, Thomas Baring, theretofore granted in the action.
1Opinion of the CourtThe following is the opinion of Beekman, J.
Beekman, J.:
The plaintiff purchased 1,500 shares'of the capital stock of the Atchison, Topeka and Sante Fe Railroad Company, relying, as she claims, upon certain statements with respect to the financial condition of the company made by the directors, or authorized to be made and published by them. These statements she alleges to have-' been false, and that they were known by the directors to be false-*478at the time they were so made, authorized and published, and were promulgated by them for the purpose of influencing, the market value of' the stock of the company, and to induce persons to…
2Cases cited2 opinions
- Wakeman v. . DalleyNew York Court of Appeals · 1872
- Hoormann v. Climax Cycle Co.Appellate Division of the Supreme Court of the State of New York · 1896
3Cited by3 opinions
- Auerbach v. Internationale Wolfram Lampen Aktien GesellschaftDistrict Court, S.D. New York · 1910
- James v. SignellAppellate Division of the Supreme Court of the State of New York · 1901
- Nichols v. EmmettNew York Supreme Court · 1907