Legal Opinion

Cohen v. Beneficial Industrial Loan Corp.

District Court, D. Delaware

Decided February 21, 1952No. Civ. A. Nos. 312, 1215Published

1Opinion of the Court

LEAHY, Chief Judge.

The recital of the litigation, here, is to be found in D.C.Del., 93 F.Supp. 418. It is a stockholder’s derivative action on behalf of Beneficial Industrial Loan Corporation, which I shall call “the Corporation”. The only defendants over which there is jurisdiction are Ernest A. Bailey, Charles E. Rivers, Beneficial Management Corporation, Beneficial Loan Society and Bankers National Investing Corporation. This case was commenced in June, 1943, and has been dormant for more than 8 years. Plaintiff has taken no action looking for prosecution of the litigation.

The question for…

2Cases cited5 opinions

  1. Arn v. Bradshaw Oil & Gas Co.Court of Appeals for the Fifth Circuit · 1937
  2. Cohen v. Beneficial Industrial Loan CorporationDistrict Court, D. New Jersey · 1946
  3. Mebco Realty Holding Co. v. Warner Bros. Pictures, Inc.District Court, D. New Jersey · 1942
  4. Cohen v. Beneficial Industrial Loan Corp.District Court, D. Delaware · 1950
  5. Toomey v. Wickwire Spencer Steel Co.District Court, S.D. New York · 1942

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