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MYER v. E.M. ADAMS & CO.

519 P.2d 375 (1974)

Robert J. MYER and Maribel Myer, Respondents, Cross-Appellants, v. E.M. ADAMS & CO., an Oregon Corporation, and Donald Bruce, Appellants, Cross-Respondents, Albert L. Hawn and Richard Langton, Defendants.

Supreme Court of Oregon, In Banc.

Decided February 14, 1974.

Reargued on Rehearing January 9, 1974.

Attorney(s) appearing for the Case

R. Alan Wight, Portland, argued and reargued the cause for appellants, cross-respondents. On the briefs were Norman J. Wiener, J. David Petersen and Miller, Anderson, Nash, Yerke & Wiener, Portland.

Marvin S. Nepom, Portland, argued and reargued the cause for respondents, cross-appellants. With him on the briefs was Leo Levenson, Portland.

BRYSON, Justice.

Plaintiffs sued to rescind three separate stock purchases, and the trial court decreed rescission of the third purchase only. The court found that the Myers had been induced to make that purchase by defendant Bruce's representation on December 27, 1968, that the TiLINE, Inc., stock was "going to go interstate." The court further found that this representation and its innuendo as understood by the Myers were false. On appeal, this court affirmed the...

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