Diamond v. Oreamuno
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtBotein, P. J.
This is a stockholder’s derivative action against the directors of Management Assistance, Inc. (MAI), a New York corporation. The primary demand of the complaint is that two of the directors, Walter R. Oreamuno and Jorge M. Gonzalez, account to MAI for profits allegedly made by them through the use of inside information in connection with sales by them of MAI stock. Similar relief is also sought against the remaining directors on the ground that they “ either approved, acquiesced in or ratified the wrongful transactions.” The appeal before us is from an order granting a motion to dismiss the…
2Cases cited13 opinions
- Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1943
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Jane Perlman v. C. Russell Feldmann, Newport Steel CorporationCourt of Appeals for the Second Circuit · 1955
- Brophy v. Cities Service Co.Court of Chancery of Delaware · 1949
- Kavanaugh v. . Kavanaugh Knitting Co.New York Court of Appeals · 1919
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3Cited by15 opinions
- United States v. Wallach, Rusty Kent London, Eugene Robert Wallach, A/K/A "E. Robert (Bob) Wallach," and Wayne Franklyn ChinnCourt of Appeals for the Second Circuit · 1991
- Schein v. ChasenCourt of Appeals for the Second Circuit · 1973
- Patrick v. AllenDistrict Court, S.D. New York · 2005
- Rubinstein v. CatacosinosAppellate Division of the Supreme Court of the State of New York · 1983
- Schein v. ChasenSupreme Court of Florida · 1975
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