Michael P. Garrity v. Mac Valves, Inc.

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April 8, 2003

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3663 Radio and Television Broadcasting and Communications Equipment
breach of fiduciary duty
Michael P. Garrity v. MacValves, Inc.
No. 231170 (Mich. App. 2003), unpublished
US
State Court
Michigan
Court of Appeals
Per curiam

Summary

The Michigan Court of Appeals clearly stated the proper measure of damages for fraudulent inducement to sell stock. That measure is the value of the stock at the time of the fraud less the compensation received for the stock. It rejected the lower court ...
Michael P. Garrity v. MacValves, Inc.
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Measure of Damages for Fraudulent Inducement to Sell Stock Clarified

Legal and Court Case Update
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The Michigan Court of Appeals clearly stated the proper measure of damages for fraudulent inducement to sell stock.