Legal Opinion
Swanson v. Traer
Supreme Court of the United States
Decided June 10, 1957No. 149PublishedCited by 56 opinions
1Opinion of the CourtJustice Douglas
This case, a companion case to No. 316, Smith v. Sperling, ante, p. 91, presents another aspect of the problem of realignment of parties in a stockholders’ derivative suit that is brought in a Federal District Court on the basis of diversity of citizenship. Plaintiff-stockholders are citizens of Nevada and stockholders in the Chicago North Shore & Milwaukee Ry. Co., an Illinois corporation. It was made a defendant along with individuals, who are citizens of Illinois, a Delaware corporation, and an Indiana corporation. The complaint charged a conspiracy to defraud the Railway Co. The alleged…
2Cases cited4 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Hawes v. OaklandSupreme Court of the United States · 1882
- Ralph D. Swanson, Marie A. Swanson, and Janet C. Sheaff, Roy E. Crummer, Intervening v. Glenn W. TraerCourt of Appeals for the Seventh Circuit · 1956
3Cited by56 opinions
- In Re Digimarc Corp. Derivative LitigationCourt of Appeals for the Ninth Circuit · 2008
- Rita Gottesman v. General Motors Corporation and E. I. Du Pont De Nemours and CompanyCourt of Appeals for the Second Circuit · 1959
- Galef v. AlexanderCourt of Appeals for the Second Circuit · 1980
- Marlin Brown v. Jon D. McCormick and Lyda N. McCormick His Wife, and Split Rock Ranch, Inc.Court of Appeals for the Tenth Circuit · 1979
- Harry Lewis v. Robert S. Odell, and Howard Butcher IIICourt of Appeals for the Second Circuit · 1974
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