To obtain a more favorable market ratio for the contemplated exchange, defendants maintained an artificial market in Harriman Bank stock, then offered to exchange that stock for Liberty Bank stock. In a suit brought by former Liberty Bank stockholders to obtain a rescission of the executed exchange upon the ground of fraud, held, that a good cause of action was stated. Wilcox v. Harriman Securities Corporation et al., (D. C. N. Y. 1933) Io F. Supp. 532.
CORPORATIONS - STOCK MARKET MANIPULATION - RESCISSION FOR FRAUD,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol34/iss2/6