Scott v. Allen

On July 17, 1941, plaintiffs, as stockholders of the Huron Holding Corporation, instituted this action on their own behalf and for the benefit of stockholders similarly situated, against the officers and directors of the corporation and others. On April 7, 1942, on motion of twenty-six of the individual defendants, an order was entered dismissing as to them the first and second causes of action on the ground that they are barred by the three-year Statute of Limitations, and requiring the plaintiffs to serve an amended complaint as to the third, fourth and fifth causes of action, separately…