Harrod v. Hoover

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding fraud existed because a company’s prospectus did not reveal that the company was not producing the materials it implied
• finding failure to disclose, where prospectus described manufacturing capacity and potential contracts, but the corporation was insolvent, had no current manufacturing production, and no enforceable contracts with customers
• finding failure to disclose, where prospectus described manufacturing capacity and potential contracts, but the corporation was insolvent, had no current manufacturing production, and no enforceable contracts with customers
• finding failure to disclose, where prospectus described manufacturing capacity and potential contracts, but the corporation was insolvent, had no current manufacturing production, and no enforceable contracts with customers
• “[Clausing a false impression constitutes a palpable fraud, even though the statement is true as far as it goes, since such concealment is in fact a false representation of that which is disclosed, as the whole truth.”
• failure to disclose in prospectus that corporation was insolvent, had no current manufacturing production and no enforceable contracts with customers

Source: CourtListener parenthetical corpus (CC0).