Kavanaugh v. Commonwealth Trust Co.
New York Supreme Court
Action by a stockholder of a moneyed corporation to enforce the liability of the corporate directors for negligence in the performance of their duties,
1Opinion of the CourtVan Kirk, J.
This action is brought by a stockholder to recover into the treasury of the Commonwealth Trust Company of Hew York, formerly the Trust Company of the Bepublic, a sum of money as damages suffered by the trust company; it being claimed thVs funds were wasted and lost through the negligence of the defendants, all of whom are, or were, directors of the said trust company, and some of whom are, or were, members of the executive committee.
The complaint states a cause of action, as was held hy the Court of Appeals on a demurrer to the complaint (191 N. Y. 522).
There was no bill of particulars…
2Cases cited9 opinions
- Hun v. . CaryNew York Court of Appeals · 1880
- Flynn v. . Brooklyn City R.R. Co.New York Court of Appeals · 1899
- Niles v. . N.Y.C. H.R.R.R. Co.New York Court of Appeals · 1903
- Kavanaugh v. . Commonwealth Trust Co.New York Court of Appeals · 1905
- Jemison v. Citizens' Savings Bank of JeffersonNew York Court of Appeals · 1890
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3Cited by6 opinions
- Jackson v. HooperSupreme Court of New Jersey · 1910
- Boosing v. DormanAppellate Division of the Supreme Court of the State of New York · 1912
- Ashby v. PetersNebraska Supreme Court · 1935
- In Re Trusteeship Under Will of JonesSupreme Court of Minnesota · 1938
- Kavanaugh v. GouldAppellate Division of the Supreme Court of the State of New York · 1911
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