Turner v. American Metal Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtCohn, J.
This is a stockholders ’ derivative action instituted on behalf of The American Metal Company, Limited, a New York corporation (hereinafter referred to as “ American Metal ”). It is a consolidation of two actions brought by stockholders owning 165 out of a total of over 1,200,000 shares of common stock. The earlier action was begun on December 31, 1938, by the holder of 100 shares acquired in that year, and the later by a holder, since 1929, of 65 shares. Plaintiffs acquired their stock many years after the challenged occurrences. No claim was asserted by anyone until over twenty years after…
2Cases cited38 opinions
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Hammond v. HopkinsSupreme Court of the United States · 1892
- Patterson v. HewittSupreme Court of the United States · 1904
- Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
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3Cited by33 opinions
- Foley v. D'AgostinoAppellate Division of the Supreme Court of the State of New York · 1964
- ABKCO Music, Inc. v. Harrisongs Music, Ltd.Court of Appeals for the Second Circuit · 1983
- Hochschild v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1947
- Homestake Mining Co. v. Mid-Continent Exploration Co.Court of Appeals for the Tenth Circuit · 1960
- Lillian N. Burg v. Max Horn and George Horn, and Darand Realty Corp.Court of Appeals for the Second Circuit · 1967
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