Legal Opinion
Santarelli v. Katz
Court of Appeals for the Seventh Circuit
Decided July 2, 1959No. Nos. 12488, 12489PublishedCited by 5 opinions
Sehnaekenberg, Circuit Judge, dissented in part.
1Opinion of the Court
DUFFY, Chief Judge.
Marilyn D. Katz Santarelli (Marilyn) brought a trust beneficiary’s stockholders’ derivative suit against officers and directors of Elkay Manufacturing Company (Elkay), an Illinois corporation, for alleged misappropriations of corporate assets and diversion of corporate opportunities. In addition, plaintiff asks that defendant Louis Katz be held liable to her for breach of the terms of an inter vivos trust created by her grandfather, Leopold Katz, and she seeks an accounting and a return of the assets of the trust.
Elkay was organized on November 27, 1922 by Leopold Katz,…
2Cases cited15 opinions
- Story Parchment Co. v. Paterson Parchment Paper Co.Supreme Court of the United States · 1931
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Eastman Kodak Co. v. Southern Photo Materials Co.Supreme Court of the United States · 1927
- Winger v. Chicago City Bank & Trust Co.Illinois Supreme Court · 1946
- Barnett v. Caldwell Furniture Co.Illinois Supreme Court · 1917
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3Cited by5 opinions
- Alaska Plastics, Inc. v. CoppockAlaska Supreme Court · 1980
- United States v. GatesCourt of Appeals for the Tenth Circuit · 1967
- Mann-Paller Foundation, Inc. v. Econometric Research, Inc.District Court, District of Columbia · 1986
- Marilyn D. Katz Santarelli, and Cross-Appellee v. Louis Katz, Florence Katz, Etc., and Cross-Appellants. Marilyn D. Katz Santarelli, and v. City National Bank and Trust Company of Chicago, as of the Estate of Louis Katz, Deceased, Florence Katz, Etc., AndCourt of Appeals for the Seventh Circuit · 1959
- United States v. Charles C. Gates, Jr., June S. Gates, Brown W. Cannon and Charla Gates Cannon, United States of America v. Brown W. Cannon and Charla Gates CannonCourt of Appeals for the Tenth Circuit · 1967