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JUDSON v. PEOPLES BANK AND TRUST CO.

25 N.J. 17 (1957)

134 A.2d 761

THOMAS H. JUDSON, JR., ET AL., PLAINTIFFS-APPELLANTS, v. PEOPLES BANK AND TRUST COMPANY, ETC., DEFENDANT, AND BANKERS COMMERCIAL CORPORATION AND JOHN C. EVANS, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided September 23, 1957.

Attorney(s) appearing for the Case

Mr. Joseph A. Weisman argued the cause for plaintiffs-appellants (Messrs. Weisman & Freedman, attorneys; Mr. Joseph A. Weisman, of counsel).

Mr. Donald B. Kipp argued the cause for defendants-respondents (Messrs. Bilder, Bilder & Freeman, attorneys for Bankers Commercial Corporation; Messrs. Pitney, Hardin & Ward, of counsel; Mr. Walter J. Bilder, Mr. Donald B. Kipp and Mr. James C. Pitney, on the brief).

The opinion of the court was delivered by WEINTRAUB, C.J.

Plaintiffs charged they were induced by fraud to sell their shares of stock in Tuttle Bros., Inc. of Westfield, a New Jersey corporation, and sought to recover the difference between the price received and the actual value of the shares.

Plaintiffs accepted $2,500 in settlement from defendants, Peoples Bank and Trust Company of Westfield and the estate of Charles M. Smith, and consent judgments of dismissal...

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