Michigan Supreme Court, 1933

Davidter v. Ash

Davidter v. Ash
Michigan Supreme Court · Decided August 29, 1933 · CLARK, J.
249 N.W. 886; 264 Mich. 353; 1933 Mich. LEXIS 1014 (North Western Reporter)

Davidter v. Ash

Opinion of the Court

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

The 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.

Affirmed.

McDONALD, C.J., and POTTER, SHARPE, NORTH, FEAD, WIEST, and BUTZEL, JJ., concurred. *Page 354

Case-law data current through December 31, 2025. Source: CourtListener bulk data.