Defendant Arnold Cogswell was the chairman of the board of directors of Air Cushion Vehicles, Inc., a corporation which received a discharge in bankruptcy on July 9, 1976. This action for damages for fraud, commenced in May of 1979, seeks to hold him personally responsible for allegedly fraudulent acts committed by an employee of the corporation on August 15, 1974. On that date, plaintiffs entered into a dealership agreement with the corporation and paid it the sum of $3...
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