Morris F. Fox & Co. v. Lisman

The following opinion was filed June 22, 1931 :

Wickhem, J.

During the months of July and August, 1927, the defendant F.. J. Lisman & Company and B. J. Van Ingen Company, investment bankers, contemplated the purchase of an issue of $4,500,000 of General Vending Corporation bonds. This corporation owned or was about to acquire all of the outstanding capital stock of a number of weighing-machine companies, and the purpose of the issue was to furnish the means to purchase such stock, retire certain obligations, finance improvements of penny scales, purchase gum-vending machines, and furnish…