Ludlam v. Riverhead Bond & Mortgage Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtDavis, J.
In this derivative action brought by stockholders of the defendant corporation, an accounting is sought from the individual defendants, as officers and directors, for losses arising from their alleged misconduct and the waste of corporate assets. In particular the cause of action is based oñ a stock sales contract whereby the promoter, one Rutledge, was paid a commission of thirty per cent for the sale of the capital stock. The complaint was dismissed on motion at the close of the plaintiffs’ case on findings subsequently made. The appeal is from the judgment entered on the findings. That a…
2Cases cited15 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Rogers v. HillSupreme Court of the United States · 1933
- Isaac v. MarcusNew York Court of Appeals · 1932
- Rice v. Van VrankenAppellate Division of the Supreme Court of the State of New York · 1929
- Godley v. . Crandall Godley Co.New York Court of Appeals · 1914
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3Cited by12 opinions
- Hanson Trust PLC v. ML SCM Acquisition Inc.Court of Appeals for the Second Circuit · 1986
- Balogh v. H.R.B. Caterers, Inc.Appellate Division of the Supreme Court of the State of New York · 1982
- DiMauro v. Metropolitan Suburban Bus AuthorityAppellate Division of the Supreme Court of the State of New York · 1984
- Patrick v. AllenDistrict Court, S.D. New York · 2005
- Blaustein v. Pan American Petroleum & Transport Co.New York Supreme Court · 1940
7 more not listed; retrieve them via the Exa API.