Representations made in social settings about proposed commercial ventures are "in trade or commerce" if they have a commercial character, and damages for misleading conduct inducing acquisition of shares in a closely held company may be assessed at the date of hearing where the plaintiff is "locked in."
The full text is available to signed-in members, including the 10 later cases that cite this judgment.
3 of the 10 citing cases carry a classified treatment. How each court treated it is available to signed-in members.