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CANFIELD v. REYNOLDS

No. 1099, Docket 79-7788.

631 F.2d 169 (1980)

Jane S. W. CANFIELD and William Douglas Burden, as Trustees U/A/F/B/O William Douglas Burden, Jr., and William Douglas Burden, Jr., Plaintiffs-Appellees, v. William G. REYNOLDS, Defendant-Appellant, Paul Belmont, Michael Santangelo and Highway Safety Materials Corporation, Defendants.

United States Court of Appeals, Second Circuit.

Decided September 9, 1980.

Attorney(s) appearing for the Case

Victor A. Kovner, New York City (Wayne N. Outten, Harriette K. Dorsen, Lankenau Kovner & Bickford, New York City, on the brief), for defendant-appellant.

William C. Viets, New York City (Lola S. Lea, Trubin Sillcocks Edelman & Knapp, New York City, on the brief), for plaintiffs-appellees.

Before MANSFIELD and KEARSE, Circuit Judges.

KEARSE, Circuit Judge:

William G. Reynolds appeals from a judgment of the United States District Court for the Southern District of New York, Richard Owen, Judge, granting to plaintiffs Jane S. W. Canfield and William Douglas Burden ("the trustees"), and William Douglas Burden, Jr. ("Burden"), rescission of an agreement to purchase from Reynolds 25,000 shares of the stock of Highway Safety Materials Corporation ("HSM...

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