Legal Opinion
Cohen v. Beneficial Industrial Loan Corp.
Supreme Court of the United States
Decided June 20, 1949No. 442PublishedCited by 8,611 opinions
1Opinion of the CourtJustice Jackson
The ultimate question here is whether a federal court, having jurisdiction of a stockholder’s derivative action only because the parties are of diverse citizenship, must apply a statute of the forum state which makes the plaintiff, if unsuccessful,, liable for the reasonable expenses, including attorney’s fees, of the defense and entitles the corporation to require security for their payment.
Petitioners’ decedent, as plaintiff, brought in the United States District Court. for New Jersey an action 'in the right of the Beneficial Industrial Loan Corporation, a Delaware corporation doing…
2Cases cited12 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- Cobbledick v. United StatesSupreme Court of the United States · 1940
- Chase Securities Corp. v. DonaldsonSupreme Court of the United States · 1945
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3Cited by8,611 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Brady v. MarylandSupreme Court of the United States · 1963
- Mathews v. EldridgeSupreme Court of the United States · 1976
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- Mitchell v. ForsythSupreme Court of the United States · 1985
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