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PONTI v. FARRELL

Docket No. 24979.

194 Cal.App.2d 676 (1961)

15 Cal. Rptr. 500

JOSEPH V. PONTI et al., Respondents, v. DAVID FARRELL et al., Appellants.

Court of Appeals of California, Second District, Division Three.

August 11, 1961.

Attorney(s) appearing for the Case

Morgan Cuthbertson for Appellants.

Mason & Howard and C. Loy Mason for Respondents.

VALLÉE, J.

Plaintiffs Joseph V. Ponti and F.L. Freeman brought this action against defendants David Farrell and Los Angeles Trust Deed and Mortgage Exchange, called Exchange. The complaint was in two counts. Count I was for damages for violation of the Corporate Securities Act. The court found against plaintiffs on that issue. Count II alleged "[w]ithin four tyears last past and prior to the commencement of the above entitled action the defendants became...

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