Salt Lake Telegram | 1933-05-26 | Page 15 | Buyer of Harriman Stock Wins Suit

Buyer of Harriman Stock Wins Suit NEW YORK May UP Justice JP Bernard L L. L ruled today that Joseph W W. Harriman and the Harriman hard Harri hardman man National bank perpetrated a fraud upon the depositors when they sold them stock at 1500 a share He Hel awarded full judgment in the suit the suit the first of a number of the kind to to Mrs Margaret Singleton Mrs Singleton sued for the difference between the amount she paid for two shares of the bank stock and what she alleged to be its true value a a ashare share The bank has been closed s since nee th the presidents president's March bank holiday and Harriman its chairman is 15 under indictment in for alleged false entries The court found that the bank had hadI maintained a fictitious market for its I stock to peg the price at 1500 while selling it as an investment to depositors de de- sj r