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BILOTTI v. ACCURATE FORMING CORP.

39 N.J. 184 (1963)

188 A.2d 24

SABINO BILOTTI, PLAINTIFF-APPELLANT, v. ACCURATE FORMING CORPORATION, A CORPORATION OF THE STATE OF NEW JERSEY, EVERLAST METAL FINISHING CORPORATION, A CORPORATION OF THE STATE OF NEW JERSEY, JANILEEN REALTY COMPANY, A CORPORATION OF THE STATE OF NEW JERSEY, PATRICK MALONEY, MORRIS BUSACCO, EDWARD CAVALLERI, AND ANDREW SERIN, JOINTLY, SEVERALLY, OR IN THE ALTERNATIVE, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided January 21, 1963.

Attorney(s) appearing for the Case

Mr. Robert E. Pollan argued the cause for plaintiff-appellant (Messrs. Hammer and Hammer, attorneys; Mr. David H. Hammer on the brief).

Mr. Emanuel A. Honig argued the cause for the individual defendants-respondents except defendant-respondent Serin.

Mr. Max L. Rosenstein argued the cause for the corporate defendants-respondents (Messrs. Rosenstein and Margolis, attorneys; Mr. Rosenstein, of counsel).

No appearance was made or brief filed on behalf of defendant-respondent Serin.

The opinion of the court was delivered by HALL, J.

This case is here on plaintiff's appeal from summary judgment granted defendants in the Law Division. We certified the matter on our own motion before argument in the Appellate Division. R.R. 1:10-1(a).

The essence of the cause of action is a claim of fraud in connection with the sale of plaintiff's stock in the three corporate defendants resulting in the receipt of an inadequate price. Of principal...

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