DeVan v. Tobacco Products Corp.

LEIBELL, District Judge.

Plaintiff’s motion to remand is granted.

Plaintiff, a citizen of New York and a stockholder of Tobacco Products Corporation of Delaware (having purchased 100 shares in October, 1935), sues in equity on behalf of himself and other stockholders similarly situated and on behalf of the corporation, naming as defendants the corporation itself, certain of its directors, and the United Stores Corporation, also a Delaware corporation. The cause of action against the directors of the-Tobacco Products Corporation of Delaware is to hold them accountable for their acts as…