Legal Opinion

Markowitz v. Brody

District Court, S.D. New York

Decided May 20, 1981No. Nos. 80 Civ. 2602(RJW), 80 Civ. 2657(RJW)PublishedCited by 28 opinions

1Opinion of the Court

OPINION

ROBERT J. WARD, District Judge.

These two actions are maintained under section 36(b) of the Investment Company Act of 1940 (“the ICA”), 15 U.S.C. § 80a-35(b) (“Section 36(b)”). Each action has been brought as a stockholder derivative action on behalf of Shearson Daily Dividend, Inc. (“the Fund”), an open-ended, no-*547load investment company of the type commonly known as a money-market fund. The complaint filed by Milton Markowitz in 80 Civ. 2602(RJW) (“the Markowitz action”) names as defendants the Fund, its directors, Dreyfus Corporation (“Dreyfus”), and Shearson Loeb Rhoades, Inc.…

2Cases cited40 opinions

  1. Cort v. AshSupreme Court of the United States · 1975
  2. Hawes v. OaklandSupreme Court of the United States · 1882
  3. Burks v. LaskerSupreme Court of the United States · 1979
  4. Surowitz v. Hilton Hotels Corp.Supreme Court of the United States · 1966
  5. Barr v. WackmanNew York Court of Appeals · 1975

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3Cited by28 opinions

  1. Lewis v. CurtisCourt of Appeals for the Third Circuit · 1982
  2. Stanley M. Grossman v. Edward C. Johnson, 3rdCourt of Appeals for the First Circuit · 1982
  3. In Re ORFA Securities LitigationDistrict Court, D. New Jersey · 1987
  4. Zucker v. KatzDistrict Court, S.D. New York · 1989
  5. Lou v. BelzbergDistrict Court, S.D. New York · 1990

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