Legal Opinion
Schein v. Chasen
Court of Appeals for the Second Circuit
Decided May 10, 1973No. Nos. 81 and 82, Dockets 72-1373, 72-1375PublishedCited by 26 opinions
1Opinion of the Court
WATERMAN, Circuit Judge:
Plaintiffs-appellants are stockholders in Lum’s, Inc., a Florida corporation primarily engaged in restaurant franchising. Invoking the diversity jurisdiction of the court, they sued derivatively in the Southern District of New York alleging that the defendants were jointly and severally liable to Lum’s for actionable wrongs which the defendants had committed against Lum’s. The individual defendants were Melvin Chasen, a resident of Florida, president of Lum’s, Benjamin Simon, a stockbroker employed in Chicago, Ill. by defendant Lehman Brothers, Eugene S. Sit, portfolio…
2Cases cited31 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- American Tobacco Co. v. United StatesSupreme Court of the United States · 1946
- Interstate Circuit, Inc. v. United StatesSupreme Court of the United States · 1939
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Quinn v. PhippsSupreme Court of Florida · 1927
26 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Fed. Sec. L. Rep. P 94,473 Maurice Shapiro v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Second Circuit · 1974
- Fed. Sec. L. Rep. P 95,323 Frigitemp Corp. v. Financial Dynamics Fund, Inc.Court of Appeals for the Second Circuit · 1975
- In Re ORFA Securities LitigationDistrict Court, D. New Jersey · 1987
- Marcia Freeman v. Arthur J. Decio v. Dale Swikert, Samuel P. Mandell, Ira J. Kaufman, and Skyline CorporationCourt of Appeals for the Seventh Circuit · 1978
- York International Building, Inc. v. ChaneyCourt of Appeals for the Ninth Circuit · 1975
21 more not listed; retrieve them via the Exa API.