Legal Opinion
Laue v. Bethlehem Steel Corp.
Appellate Division of the Supreme Court of the State of New York
Decided December 24, 1934PublishedCited by 4 opinions
1Opinion of the CourtTownley, J.
This is a derivative action brought in the right of the corporate defendant against the individual defendants who were officers and directors during the years 1929 and 1930.
The complaint sets up two alleged causes of action. The first cause of action alleges that the corporate defendant had an authorized capital stock of 5,000,000 shares of common stock without par value; that of this 1,800,000 shares were issued to retire outstanding common stock of the par value of" $100 a share; that on May 29, 1929, 600,000 shares were offered to its stockholders at $85 a share and on September 20, 1929,…
2Cases cited3 opinions
- Richards v. Ernst Wiener Co.New York Court of Appeals · 1912
- Cross v. BeguelinNew York Court of Appeals · 1929
- Cross v. BeguelinAppellate Division of the Supreme Court of the State of New York · 1929
3Cited by4 opinions
- Rodman v. Grant FoundationCourt of Appeals for the Second Circuit · 1979
- Frank v. CarlisleAppellate Division of the Supreme Court of the State of New York · 1939
- Fed. Sec. L. Rep. P 97,143Court of Appeals for the Second Circuit · 1979
- Glantz v. BlakelyAppellate Division of the Supreme Court of the State of New York · 1942