Legal Opinion
Bown v. Ramsdell
Appellate Division of the Supreme Court of the State of New York
Decided November 20, 1929PublishedCited by 6 opinions
1Opinion of the CourtThompson, J.
Alleging that defendant corporation is in the control of defendant directors (4 Cook Corp. [8th ed.] 3250), plaintiff stockholders bring this action in equity (Niles v. N. Y. C. & H. R. R. R. Co., 69 App. Div. 144; affd., 176 N. Y. 119), for themselves and all other stockholders who may wish to come in, to compel defendant directors to make good to defendant corporation the *225loss sustained by it through their bad faith, malfeasance, breach of trust and negligence in the sale and disposition of the sole assets of the corporation for an inadequate price.
Defendants have moved in Special Term to…
2Cases cited4 opinions
- Hun v. . CaryNew York Court of Appeals · 1880
- Niles v. . N.Y.C. H.R.R.R. Co.New York Court of Appeals · 1903
- Holmes v. . WillardNew York Court of Appeals · 1890
- Niles v. New York Central & Hudson River RailroadAppellate Division of the Supreme Court of the State of New York · 1902
3Cited by6 opinions
- Beechwood Securities Corp. v. Associated Oil Co.Court of Appeals for the Ninth Circuit · 1939
- Stark v. Howe Sound Co.New York Supreme Court · 1933
- Zaepfel v. ParnassNew York Supreme Court · 1931
- Michigan Alkali Co. v. Bankers Indemnity Ins.District Court, S.D. New York · 1937
- Levinson v. StateNew York Court of Claims · 1954
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