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THOMPSON v. AMERICAN POWER & LIGHT CO.

No. 13157.

192 F.2d 651 (1951)

THOMPSON et al. v. AMERICAN POWER & LIGHT CO. AMERICAN POWER & LIGHT CO. v. THOMPSON et al.

United States Court of Appeals Fifth Circuit.

Rehearing Denied January 7, 1952.

Attorney(s) appearing for the Case

Webster Atwell, Dallas, Tex., for appellant.

Dan Moody, Austin, Tex., Lucian Touchstone, Dallas, Tex., J. B. Robertson, Austin, Tex., for appellee.

Before HUTCHESON, Chief Judge, and BORAH and STRUM, Circuit Judges.

HUTCHESON, Chief Judge.

Brought under Article 4004 of the Civil Statutes of Texas, upon allegations of "actionable fraud"1 in connection with plaintiffs' purchase of the corporate stock and an income note of Texas Public Utilities Company for the principal sum of $2,200,000, bearing interest at 7 percent, with $600,000 accrued interest, the suit was for $350,000 "actual damages suffered", as measured...

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