Neuwirth v. Merin
District Court, S.D. New York
1Opinion of the Court
OPINION
HERLANDS, District Judge:
This, stockholders’ derivative action is brought by a New Jersey resident on behalf of a New York corporation against its directors. Of the defendant-corporation’s outstanding 545,926 shares, plaintiff beneficially owns 100 shares having a total market value of about $375.
Presently before the Court are two motions. Defendants move for an order requiring plaintiff to give security for expenses and costs pursuant to New York Business Corporation Law, McKinney’s Consol.Laws, c. 4, § 627. Plaintiff cross-moves for an order directing the corporate defendant to…
2Cases cited12 opinions
- Winifred D. Noonan v. Cunard Steamship Co., Ltd.Court of Appeals for the Second Circuit · 1967
- Marshall v. CrottyCourt of Appeals for the First Circuit · 1950
- Cherner v. Transitron Electronic CorporationDistrict Court, D. Massachusetts · 1962
- Rosen v. Alleghany CorporationDistrict Court, S.D. New York · 1955
- Baim & Blank, Inc. v. Warren-Connelly Co.District Court, S.D. New York · 1956
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3Cited by4 opinions
- Vallone v. Delpark Equities, Inc.New York Supreme Court · 1978
- Crabtree v. Hayden, Stone Inc.District Court, S.D. New York · 1967
- Weber v. Continental Motors Corp.District Court, S.D. New York · 1969
- ALLIED ARTISTS PICTURES CORPORATION v. D. Kaltman & Co.District Court, S.D. New York · 1967