The New York and New Haven Railroad Company v. Robert Schuyler, Morris Ketchum, Edward Bement

Summary

The New York and New Haven Railroad Company was held liable for the fraudulent stock certificates issued by its transfer agent, the spurious certificates were declared void, and the corporation was estopped from denying the agent's authority; the Court affirmed the lower court’s judgments except that it reversed the rulings for Ketchum and Bement and remanded for a new trial.