eBook details
- Title: Fugazy Travel Bureau v. Ernst & Ernst
- Author : Supreme Court of New York
- Release Date : January 31, 1969
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
[31 A.D.2d 924 Page 924] Order entered June 18, 1968, denying summary judgment and granting leave to serve an amended complaint setting forth a second
cause of action unanimously affirmed, with $50 costs and disbursements to respondent. By this affirmance, however, no double
recovery or the possibility of such is envisaged or countenanced. Both parties are in agreement as to the proper standard
of damages in an action of this character, based upon alleged reckless and fraudulent conduct, to wit, the difference between
the value of what the plaintiff received and what was actually paid. But the value of the stock acquired by the plaintiff
on the date of purchase is a matter of proof. All that we have before us are contentions by plaintiff that the value of all
the stock of the Fugazy group "was worth considerably less than $700,000" and defendant's [31 A.D.2d 924 Page 925]