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SANDOR v. RUFFER, BALLAN & CO.

No. 66 Civ. 388.

309 F.Supp. 849 (1970)

Andrew A. SANDOR and Alfred Holiday, Plaintiffs, v. RUFFER, BALLAN & CO., Inc., Charles Ruffer and Eli Ballan, Defendants.

United States District Court S. D. New York.

January 19, 1970.

Attorney(s) appearing for the Case

DiFalco, Field, Florea & O'Rourke, New York City, for plaintiffs, by Walter M. Schwartz, New York City, of counsel.

Joseph J. Nesis, New York City, for defendants.

FINDINGS AND OPINION

POLLACK, District Judge.

Plaintiffs, two California residents, in October, 1961, each purchased five shares of Class B non-voting stock in a New York, over-the-counter stock broker-dealer corporation, the defendant, Ruffer, Ballan & Co., Inc. Each plaintiff paid $12,500 for five shares. Approximately five years after these purchases, in 1966, the plaintiffs brought this suit for rescission and the recovery of the money paid for the...

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