Legal Opinion
Berger v. Reynolds Metals Co.
District Court, E.D. Pennsylvania
Decided February 3, 1966No. Civ. A. No. 37673PublishedCited by 14 opinions
1Opinion of the Court
DAYIS, District Judge.
The plaintiff, a 22% minority shareholder, has instituted a stockholder’s derivative suit on behalf of himself and other stockholders of New Eastwick Corporation against Reynolds Metals Company, a 56% majority shareholder, and certain officers and directors of New Eastwick for mismanagement, diversion of funds for the benefit of Reynolds Metals Company, and breach of their fiduciary duty of loyalty. Our jurisdiction is based solely on diversity of citizenship.
The defendants Reynolds Metals Company and New Eastwick Corporation have filed a motion to join as Third Party…
2Cases cited15 opinions
- Moore v. New York Cotton ExchangeSupreme Court of the United States · 1926
- Great Lakes Rubber Corporation v. Herbert Cooper Co., IncCourt of Appeals for the Third Circuit · 1961
- United Artists Corporation v. Masterpiece Productions, Inc., and Robert S. Benjamin, Arthur B. Krim, Seymour M. PeyserCourt of Appeals for the Second Circuit · 1955
- Lesnik v. Public Industrials CorporationCourt of Appeals for the Second Circuit · 1944
- Pioche Mines Consol., Inc. v. Fidelity-Philadelphia Trust Co.Court of Appeals for the Ninth Circuit · 1953
10 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Annis v. Dewey County BankDistrict Court, D. South Dakota · 1971
- Hansbarger v. CookWest Virginia Supreme Court · 1986
- Kainz v. LussierHawaii Intermediate Court of Appeals · 1983
- Technical Air Products, Inc. v. Sheridan-Gray, Inc.Arizona Supreme Court · 1968
- Cyclops Corp. v. Fischbach & Moore, Inc.District Court, W.D. Pennsylvania · 1976
9 more not listed; retrieve them via the Exa API.