MATTER OF WALSH v. SOMERSET GROUP, INC.


45 A.D.2d 915 (1974)

In the Matter of Richard J. Walsh et al., Respondents, v. Somerset Group, Inc.. Appellant

Appellate Division of the Supreme Court of the State of New York, Third Department.

July 5, 1974


Judgment unanimously reversed, without costs, and motion denied.

Memorandum:

Plaintiffs purchased from defendant corporation 10,000 shares of stock in two lots, at a price of $1 per share. A stock certificate was issued for the first lot of 4,000 shares but none was issued for the second lot of 6,000 shares, although both were paid for. Defendant appeals from an award of summary judgment to plaintiffs in the amount of $6,000 which permitted rescission of the...

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