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Hudson v. Western Oil Fields Inc.

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eBook details

  • Title: Hudson v. Western Oil Fields Inc.
  • Author : Colorado Supreme Court
  • Release Date : January 23, 1962
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 57 KB

Description

Hudson brought suit in the district court for damages resulting from Westerns failure to deliver to him certain shares of stock decreed to him under an assignment from one Floyd F. Rathbun, hereafter called Rathbun. Material allegations of the complaint were that an arbitration award stemming from a dispute between Rathbun and Western had been reduced to judgment in the district court under which Rathbun became entitled to 100,000 shares of Western common stock. Under an assignment from Rathbun 26,114 shares of common stock were to be turned over to Hudson. It was further alleged that Western should have delivered the stock on March 7, 1956, but had refused to do so although demands were made upon Western many times until April 24, 1958. Hudsons claim for damages was that in the two-year period in which Western had withheld the stock from him the market declined resulting in a loss.


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