Legal Opinion
Hoover v. Allen
District Court, S.D. New York
Decided January 14, 1960PublishedCited by 12 opinions
1Opinion of the Court
WEINFELD, District Judge.
In this derivative action an order was entered upon the parties’ stipulation, which provided (a) that all proceedings on the part of Hoover, the sole original plaintiff, be stayed until he was joined by stockholders holding stock of an aggregate market value in excess of $50,000; or (b) until plaintiff gave security in the sum of $75,000. Absent compliance with either condition by May 15, 1959, the action was to be dismissed.
Thereafter, with leave of Court, other stockholders intervened as parties plaintiff on the basis of an amended supplemental complaint. Their…
2Cases cited13 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Fielding v. AllenCourt of Appeals for the Second Circuit · 1950
- Tenney v. RosenthalNew York Court of Appeals · 1959
- Piccard v. Sperry CorporationDistrict Court, S.D. New York · 1941
- Johnson v. BALDWINSupreme Court of South Carolina · 1952
8 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- In Re: Bank of New York Derivative Litigation. Mildred Kaliski and Edward J. Kaliski, Rita Hochenbaum and Rochelle Phillips, Charles H. Beck, on Behalf of the Bank of New York Company, Inc. Consolidated-Plaintiff v. J. Carter Bacot, Gerald L. Hassell, Deno D. Papageorge, Alan R. Griffith, Thomas A. Renyi, John A. Luke, Jr., William R. Chaney, William C. Richardson, Catherine Rein, Richard Barth and Donald L. Miller, the Bank of New York Company, Inc. And the Bank of New York, Nominal-Defendants-Appellees, Sergei Kotov and Vladimir GalitzineCourt of Appeals for the Second Circuit · 2003
- Surowitz v. Hilton Hotels Corp.Court of Appeals for the Seventh Circuit · 1965
- WESTON v. Reading Co.Supreme Court of Pennsylvania · 1971
- Murchison v. KirbyDistrict Court, S.D. New York · 1961
- Fed. Sec. L. Rep. P 92,536 Philip B. Bateson v. Magna Oil CorporationCourt of Appeals for the Fifth Circuit · 1969
7 more not listed; retrieve them via the Exa API.