Tomasello v. Trump

This is a stockholders’ derivative action for waste and to compel the declaration of dividends in 10 parent corporations, in each of which plaintiff [Tomasello] owns 25% and the defendant Fred 0. Trump 75% of the capital stock.

The defendants’ motion is addressed to the second amended complaint in which the first 10 causes of action are for various wrongs allegedly committed by the three director-officers of the 10 corporations and the next 10 causes of action are grounded on the alleged wrongful failure and refusal of these defendants to declare and to have the corporations pay dividends. The…