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ARBER v. ESSEX WIRE CORPORATION

Nos. 72-2121, 72-2122.

490 F.2d 414 (1974)

Bertha ARBER and Ann Arber Broek, Plaintiffs-Appellants, Cross-Appellees, v. ESSEX WIRE CORPORATION and Walter F. Probst, Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Sixth Circuit.

Decided January 8, 1974.

Attorney(s) appearing for the Case

Robert W. Jones, Cleveland, Ohio, for appellants-cross-appellees; Edward I. Stillman, Cleveland, Ohio, on brief.

Fred H. Bartlit, Jr., Chicago, Ill., for appellees-cross-appellants; H. Stephen Madsen, Frank T. Black, Cleveland, Ohio, Samuel A. Haubold, Charles E. Baxter, Chicago, Ill., on brief.

Before McCREE and KENT, Circuit Judges, and CECIL, Senior Circuit Judge.

McCREE, Circuit Judge.

This is an appeal from a judgment for defendants in an action brought by appellants, Bertha Arber and Ann Arber Broek, her daughter, for rescission of a sale in 1961 of 525 shares of Essex Wire Corporation common stock to Essex.1 The complaint, filed November 9, 1966, charged that Essex, the purchaser, and Walter F. Probst, the president of Essex at the time of sale and the principal negotiator on behalf of Essex...

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