Summary
The Minnesota Court of Appeals ruled that the appropriate measure of damages for conversion of stock in a falling market is the value of the stock at the time of the conversion rather than the replacement value of the stock (the New York Rule).
See Also
John B. Fawcett v. Robert H. Heimbach
The Minnesota Court of Appeals ruled that the appropriate measure of damages for conversion of stock in a falling market is the value of the stock at the time of the conversion rather than the replacement value of the stock (the New York Rule).