Strauss v. Midtown Enterprises, Inc.

A stockholder of the defendant corporation, which was formed pursuant to a plan of reorganization consummated under the Burchill Act (Real Property Law, §§ 119-123) brings this action to enjoin the defendant Midtown Enterprises, Inc., from selling the Hotel Warwick until it shall have first obtained the consent in writing of the holders of'two thirds of its outstanding stock as provided in section 20 of *824the Stock Corporation Law. The plaintiff also seeks an injunction pendente lite. The prospective purchaser, A. L. Kirkaby, Inc., has by stipulation of the parties been added as a narty…