Parsons v. Johnson
Appellate Division of the Supreme Court of the State of New York
Appeal from trial term, Erie county. The action was commenced in Brie county, in March, 1896, to recover of the appellants and Henry J. Wilkes, a majority of the directors of the Buffalo Brass & Iron Bedstead Company, a stock corporation organized and existing pursuant to the stock corporation law, damages resulting to the plaintiff, who had purchased stock in the said corporation upon the faith of an annual report made-by them of the property of the corporation, pursuant to…
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Appeal from trial term, Erie county. The action was commenced in Brie county, in March, 1896, to recover of the appellants and Henry J. Wilkes, a majority of the directors of the Buffalo Brass & Iron Bedstead Company, a stock corporation organized and existing pursuant to the stock corporation law, damages resulting to the plaintiff, who had purchased stock in the said corporation upon the faith of an annual report made-by them of the property of the corporation, pursuant to sections '30 and 31 of the said stock corporation law, which contained false and material representations as to the…
1Opinion of the CourtWard, J.
Upon the trial, evidence was given by both sides as to the value of the land upon the island conveyed to the defendant Johnson, but it was only received by the trial court upon the question of' the plaintiff’s good faith in purchasing the stock. The court, in its charge, said:
“Now, the measure of damages in this case, if you believe that Parsons relied, upon the contents of this annual report of 1895, and that it was false in any material representations, the measure of damages for your guidance in this case, in determining the amount of your verdict, is the difference between the value-of…
2Cases cited6 opinions
- Vail v. . ReynoldsNew York Court of Appeals · 1890
- Krumm v. . BeachNew York Court of Appeals · 1884
- Eaton, Cole Burnham Co. v. . AveryNew York Court of Appeals · 1880
- Whitney v. . AllaireNew York Court of Appeals · 1848
- Bruff v. . MaliNew York Court of Appeals · 1867
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Meyers v. MoodyCourt of Appeals for the Fifth Circuit · 1982
- Coughlin v. State BankOregon Supreme Court · 1926
- Fed. Sec. L. Rep. P 99,028 David C. Meyers v. Shearn Moody, Jr., Bernard Haines v. Shearn Moody, Jr., Tharpe Forrester, Receiver-Appellee v. Shearn Moody, Jr.Court of Appeals for the Fifth Circuit · 1982
- Hutchinson v. YoungAppellate Division of the Supreme Court of the State of New York · 1904