Continental Securities Co. v. Belmont
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiffs, Continental Securities Company and another, from a judgment of the Supreme Court in favor of the defendants, entered in the office of the clerk of the county of Nassau on the 16th day of January, 1914, as amended by an order entered in said clerk’s office on the 28th day of January, 1914, and also from an order entered in said clerk’s office on the 30th day of January, 1914, denying plaintiffs’ motion to set aside the granting of costs and of an…
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Appeal by the plaintiffs, Continental Securities Company and another, from a judgment of the Supreme Court in favor of the defendants, entered in the office of the clerk of the county of Nassau on the 16th day of January, 1914, as amended by an order entered in said clerk’s office on the 28th day of January, 1914, and also from an order entered in said clerk’s office on the 30th day of January, 1914, denying plaintiffs’ motion to set aside the granting of costs and of an extra allowance herein.. The judgment was entered upon the decision of the court after a trial at the Nassau Special Term.
1Per curiam
Plaintiffs, as stockholders of the Interborough Rapid Transit Company have brought a derivative suit, as representing that corporation. Various defendants were sued as directors of the Interborough Company at its original organization. The sufficiency of the complaint, and certain matters of procedure in the action, have been passed upon. (75 Misc. Rep. 234; 150 App. Div. 298; 206 N. Y. 7.)
Plaintiffs attack the validity of transactions occurring prior to and at the organization of the Interborough Company, on an occasion when 15,000 shares of its capital stock were issued to August Belmont &…
2Cases cited9 opinions
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
- Continental Securities Co. v. . BelmontNew York Court of Appeals · 1912
- Munson v. Syracuse, Geneva & Corning R. R. Co.New York Court of Appeals · 1886
- Old Dominion Copper Mining & Smelting Co. v. LewisohnSupreme Court of the United States · 1908
- Barr v. New York, Lake Erie & Western RailroadNew York Court of Appeals · 1891
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3Cited by5 opinions
- Northridge Cooperative Section No. 1, Inc. v. 32nd Avenue Construction Corp.New York Court of Appeals · 1957
- Cleary v. HigleyNew York Supreme Court · 1934
- Central Hanover Bank & Trust Co. v. United Traction Co.Court of Appeals for the Second Circuit · 1938
- Northridge Cooperative Section No. 1, Inc. v. 32nd Avenue Construction Corp.Appellate Division of the Supreme Court of the State of New York · 1955
- Central Hanover Bank & Trust Co. v. United Traction Co.Court of Appeals for the Second Circuit · 1938