Rous v. Carlisle
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtCallahan, J.
In this stockholders’ derivative action plaintiffs complain of the conduct of the individual defendants who were trustees of Consolidated Edison Company and directors of various subsidiary companies connected therewith, in two respects: (1) That they authorized the expenditure of various sums to underwriters on the sale of new corporate securities which were excessive and beyond the fair value and the prevailing market price of such underwriting services; and (2) that said directors authorized the payment of excessive prices on the purchase of certain private power plants, and expended…
2Cases cited7 opinions
- Gamble v. Queens County Water Co.New York Court of Appeals · 1890
- Gerdes v. ReynoldsNew York Court of Appeals · 1939
- I. Townsend Burden v. BurdenNew York Court of Appeals · 1899
- Holmes v. Saint Joseph Lead Co.New York Supreme Court · 1914
- Davis v. CohnAppellate Division of the Supreme Court of the State of New York · 1940
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3Cited by11 opinions
- Blaustein v. Pan American Petroleum & Transport Co.Appellate Division of the Supreme Court of the State of New York · 1941
- K.M.L. Laboratories Ltd. v. HopperDistrict Court, E.D. New York · 1993
- November v. National Exhibition Co.New York Supreme Court · 1958
- Sylvia Martin Foundation, Inc. v. SwearingenDistrict Court, S.D. New York · 1966
- Sorin v. SharmoonNew York Supreme Court · 1956
6 more not listed; retrieve them via the Exa API.