Legal Opinion
Green v. Brown
District Court, S.D. New York
Decided July 7, 1967No. 66 Civ. 2511PublishedCited by 8 opinions
1Opinion of the Court
OPINION
McLEAN, District Judge.
This is a derivative action by a stockholder of Narragansett Capital Corporation, a closed-end, non-diversified investment company, against directors of that corporation. Plaintiff charges that defendants violated the Investment Company Act of 1940 by causing Narragansett, without prior approval of its stockholders, to invest more than 20 per cent of its combined capital and surplus in securities of Bevis Industries, Inc. and Blackstone Industries, Inc., contrary to Narragansett’s investment policy as stated in the registration statement which it filed with the…
2Cases cited7 opinions
- Toebelman v. Missouri-Kansas Pipe Line Co.Court of Appeals for the Third Circuit · 1942
- Continental Securities Co. v. . BelmontNew York Court of Appeals · 1912
- Rita Gottesman v. General Motors Corporation and E. I. Du Pont De Nemours and CompanyCourt of Appeals for the Second Circuit · 1959
- Boyce v. Chemical Plastics, Inc.Court of Appeals for the Eighth Circuit · 1949
- Lutz v. BoasCourt of Chancery of Delaware · 1961
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Northstar Financial Advisors, Inc. v. Schwab InvestmentsCourt of Appeals for the Ninth Circuit · 2010
- Green v. BrownCourt of Appeals for the Second Circuit · 1968
- Potomac Capital Markets Corp. v. Prudential-Bache Corporate Dividend Fund, Inc.District Court, S.D. New York · 1989
- General Time Corporation v. American Investors Fund, Inc.District Court, S.D. New York · 1968
3 more not listed; retrieve them via the Exa API.