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WALSH v. HOOKER & FAY

Docket No. 20228.

212 Cal.App.2d 450 (1963)

28 Cal. Rptr. 16

JOHN D. WALSH, Plaintiff and Respondent, v. HOOKER & FAY, Defendant, Cross-complainant and Appellant; JOSEPH D. SCANNELL, Defendant, Cross-defendant and Respondent.

Court of Appeals of California, First District, Division Two.

January 29, 1963.

Attorney(s) appearing for the Case

Elden C. Friel for Defendant, Cross-complainant and Appellant.

Nicholas Zoller for Plaintiff and Respondent.

No appearance for Defendant, Cross-defendant and Respondent.

AGEE, J.

Plaintiff was induced by false representations, made to him by defendant Scannell, to buy 4,000 shares of stock in Sastex Oil & Gas Co. Scannell was employed as an "account executive" or salesman by defendant Hooker & Fay, a stock brokerage firm.

Plaintiff purchased the stock in two lots, on November 7, 1956, and November 9, 1956, respectively, at a total cost of $3,606.17. He discovered the falsity of Scannell's representations on November...

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