Dewitt v. Miller

Plaintiff, claiming to have rescinded an alleged fraudulent sale to him of corporate stock) brought this suit at law to recover the amounts paid. On trial by jury he had verdict and judgment. Defendant has appealed.

The Miller-Schorn Corporation, organized under the laws of this State, had an authorized capital stock of $50,000, the shares being $100 par value. Its business was primarily owning and dealing in real estate. Defendant, Harry R. Miller, and Ms brother, John J. Miller, together with a Mr. Schorn were the original incorporators. Each held $5,000 par value of the total $15,000 of…