Buchman & Buchman v. Lanston Industries, Inc.

This is a proceeding brought, pursuant to sections 63 et seg. of the General Corporation Law, for the assessment of the expense of attorney’s fees incurred in the successful defense of a derivative stockholder’s suit.

It appears that one Bernard Fein was the principal officer and a director of Lanston Industries, Inc. A stockholder’s derivative action was instituted in the United States District Court for the Southern District of New York by one Hennessey, suing in the name and on behalf of Lanston, against Fein and others, individually and as directors. The action was based upon subdivision…