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KALB v. VEGA

No. 255, September Term, 1983.

56 Md. App. 653 (1983)

468 A.2d 676

GERALD KALB v. RICHARD VEGA.

Court of Special Appeals of Maryland.

December 14, 1983.

Attorney(s) appearing for the Case

Leonard A. Orman, Baltimore, for appellant.

Durke G. Thompson, Bethesda, with whom were Marcia C. Fidis, N. Alfred Pasternak and Goldberg, Thompson, Pasternak & Sickles, P.A., Bethesda, on brief, for appellee.

Argued before GILBERT, C.J., WILNER, J., and JAMES C. MORTON, Jr. (Ret'd.) Specially Assigned Judge.

WILNER, Judge.

On or about June 15, 1978, Gerald Kalb sold to Richard Vega 98 shares of common stock in a corporation known as Telecommunications Systems, Inc. (TSI). The purchase price was $6,000. Kalb later came to believe that he had been defrauded by Vega — that the stock was worth a great deal more than $6,000, and that by a combination of concealment and affirmative misrepresentation Vega had induced Kalb to sell the stock for the lower price. On November...

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