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264 Mich. 353

249 N.W 886

Davidter v. Ash

Michigan Supreme Court

Decided August 29, 1933

Michigan Supreme Court · decided 1933-08-29

Cited by 2 later decisions — most recently April 1988

1 federal appellate ·

Good law ✅— No negative treatment on recordhow we know

Decided 1933-08-29

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Clark, J.

¶1Plaintiff has appealed from judgment on verdict directed in an action for damages for fraud in the sale of securities.

¶2The measure of damages in such case is the difference at time of sale in value of the securities as they were represented and as they were. On this matter plaintiff was put to proof and failed, the only evidence worthy of note being that some months later a receiver was appointed for the' corporation issuing the securities.-- This was insufficient to support an assessment of damages, as the trial court correctly held.

¶3Affirmed.

McDonald, C. J., and Potter, Sharpe, North, Fead, Wiest, and Btttzel, JJ., concurred.
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