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WONG v. PAINE, WEBBER, JACKSON & CURTIS

Docket No. 25869.

208 Cal.App.2d 17 (1962)

24 Cal. Rptr. 821

RICHARD C. WONG et al., Plaintiffs and Appellants, v. PAINE, WEBBER, JACKSON & CURTIS, Defendant and Respondent.

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

September 28, 1962.

Attorney(s) appearing for the Case

Harry M. Irwin for Plaintiffs and Appellants.

Stephens, Jones, La Fever & Smith, Eugene W. Bell and Donald P. Clark for Defendant and Respondent.

SHINN, P.J.

The crucial question upon this appeal is the following: Was the measure of damages for conversion of corporate stock, which was available for purchase upon stock exchanges, to be computed at $35.125 per share, its value at the date of conversion, or at $96.875, its value eight months later. Arbitrators duly appointed to decide this and other questions used the former figure in computing plaintiffs' damages and awarded them $575. Plaintiffs moved the court...

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