McDonnell v. Birrell

PALMIERI, District Judge.

Preliminary Statement

On July 5, 6 and 7,1961, the first cause of action in this derivative suit was tried before me. The trial followed many months of dedicated effort by plaintiff’s counsel to expose a bold and outrageous corporate swindle. The issues now presented for final adjudication relate to plaintiff’s prayer for the return and cancellation of one million fraudulently issued shares of Doeskin Products, Inc. (Doeskin). Although this huge bloc of shares represented control of Doeskin, no consideration was ever received by the corporation for any of the shares…