New York Court of Appeals
Henry S. Hotaling, Respondent v. A. B. Leach & Co., Inc., Appellants
January 10, 1928247 N.Y. 84
Summary
The Court affirmed the judgment, holding that damages for fraud in the purchase of a bond are measured by the difference between the purchase price and the bond's value at the time of purchase as an investment, and that the trial court's calculation of damages was correct.