Price v. Groves

Plaintiff brings a representative stockholder’s

action, containing many broad allegations of improper conduct by the defendants as directors. These allegations are mere general statements of alleged wrongdoing unsupported by facts. Standing alone they would not support a complaint. (Gerdes v. Reynolds, 281 N. Y. 180.) Plaintiff admits that he knows of no facts to support these general charges and gives such lack of knowledge *36as the reason why a broad discovery and inspection and an examination before trial should be granted him herein. Such practice involves resort to the so-called “ fishing…