Solomon v. Hirsch

Motion by corporate defendant, in this stockholder’s derivative action, for security in the amount of $50,000, pursuant to section 61-b of the General Corporation Law, and for a stay of proceedings pending deposit of such security. Plaintiff cross-moves to strike the motion and the appearance of corporate defendant’s counsel on the ground of conflicting interests in representing the corporation and various of the other defendants. Plaintiff also cross-moves for other alternative relief.

Initially, it is noted that plaintiff waited almost one year, and only after the instant motion was made by…