Diamond v. Diamond

This is a derivative stockholder’s action, brought on behalf of Jarold Shops, Inc., by the plaintiff, Mae Diamond, who was and is a director and an owner of 50% of the capital stock of the corporation. The action is part of a consolidated action, the other branches of which have been discontinued. The defendant, Evelyn Diamond, was and is a director and the owner of the other 50% of the corporation’s stock. Plaintiff asserts that defendant, together with plaintiff’s husband, now deceased — who, on plaintiff’s designation, was made and functioned as the president of the corporation — conspired…