Legal Opinion
Kane v. Central American Mining & Oil, Inc.
District Court, S.D. New York
Decided November 27, 1964PublishedCited by 49 opinions
1Opinion of the Court
WEINFELD, District Judge.
This essentially is a stockholders’ derivative action brought on behalf of Central American Mining & Oil, Inc., a Panamanian corporation, hereinafter called CAMO, charging the defendants, who are its principal officers, sole directors and majority stockholders, with fraud, waste, mismanagement and diversion of a corporate opportunity.
The second amended complaint, the subject of the defendants’ motion to dismiss, contains three separate counts which are based substantially upon the following allegations:
That plaintiffs, John J. and Joseph J. Kane, are the owners of…
2Cases cited41 opinions
- Gully v. First Nat. Bank in MeridianSupreme Court of the United States · 1936
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Hurn v. OurslerSupreme Court of the United States · 1933
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Tauza v. . Susquehanna Coal Co.New York Court of Appeals · 1917
36 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Schneider v. SearsDistrict Court, S.D. New York · 1967
- Schoenbaum v. FirstbrookCourt of Appeals for the Second Circuit · 1968
- Harold DRACHMAN and Claire Drachman, Plaintiffs-Appellants, v. Lawrence A. HARVEY Et Al., Defendants-AppelleesCourt of Appeals for the Second Circuit · 1972
- Hoover v. AllenDistrict Court, S.D. New York · 1965
- Miller v. SteinbachDistrict Court, S.D. New York · 1967
44 more not listed; retrieve them via the Exa API.