Reiner v. Kane

In an action to compel a former employee of two corporations to perform specifically an agreement to sell his stock in said corporations, the appeal is from an order conditionally granting an injunction restraining appellant, during the pendency of this action, from taking any further proceedings in a stockholder’s derivative action in which he is plaintiff and said corporations, together with respondents and others, are defendants. Order reversed, with $10 costs and disbursements, and motion denied, with $10 costs. In our opinion, it was an improvident exercise of discretion for the court to…