Legal Opinion
Lehman Brothers v. Schein
Supreme Court of the United States
Decided April 29, 1974No. 73-439PublishedCited by 750 opinions
1Opinion of the CourtJustice Douglas
These cases are here on petitions for certiorari and raise one identical question.
These are suits brought in the District Court for the Southern District of New York. Lum’s, one of the respondents in the Lehman Bros. petition, is a Florida corporation with headquarters in Miami. Each W the three petitions, which we consolidated for oral argument, involves shareholders’ derivative suits naming Lum’s and others as defendants; and the basis of federal jurisdiction is diversity of citizenship, 28 "U. S. C. § 1332 (a)(1), about which there is no dispute.
The complaints allege that Chasen, president…
2Cases cited21 opinions
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