Legal Opinion
Ocilla Industries, Inc. v. Katz
District Court, E.D. New York
Decided November 2, 1987No. CV-87-2676PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
RAGGI, District Judge.
Plaintiff, Ocilla Industries, Inc. (“Ocil-la”), a 40% shareholder in defendant Direct Action Marketing, Inc. (“Direct Action”), sues that company and the five members of its Board of Directors derivatively for corporate waste and breach of fiduciary duties to the company’s shareholders. In pursuit of the action, Ocilla moves for a preliminary injunction that would bar certain of the individual defendants from exercising rights of remuneration under Direct Action employment agreements that arise if there is a change of control at the company and their…
2Cases cited12 opinions
- Jackson Dairy, Inc. v. H. P. Hood & Sons, Inc.Court of Appeals for the Second Circuit · 1979
- Holland America Insurance Company v. Succession of Shepherd J. Roy, the Union Bank and Central Pecan Shelling Company, Inc.Court of Appeals for the Fifth Circuit · 1985
- The State of New York v. The Nuclear Regulatory CommissionCourt of Appeals for the Second Circuit · 1977
- Hanson Trust PLC v. ML SCM Acquisition Inc.Court of Appeals for the Second Circuit · 1986
- Norlin Corp. v. Rooney, Pace Inc.Court of Appeals for the Second Circuit · 1984
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3Cited by4 opinions
- ER Holdings, Inc. v. Norton Co.District Court, D. Massachusetts · 1990
- Campbell v. Potash Corp. of Saskatchewan, Inc.Court of Appeals for the Sixth Circuit · 2001
- Hilton Hotels Corp. v. ITT Corp.District Court, D. Nevada · 1997
- J. Douglas Campbell, (99-5074), Peter H. Kesser (99-5077), and Alfred L. Williams, Jr. (99-5079) v. Potash Corporation of Saskatchewan, Inc., a Saskatchewan CorporationCourt of Appeals for the Sixth Circuit · 2001