Goldstein v. Weisman

HERLANDS, District Judge.

This motion to compel the plaintiffs in a stockholders’ derivative action to post security under Section 61-b of the New York General Corporation Law requires a consideration and application of the factors determining when and in what amount such security should be furnished. Since the controlling desiderata come into play only in the context of a particular litigation, it is necessary to subject the facts to close examination.

This stockholders’ derivative action, commenced on November 30, 1959, is brought by two minority shareholders of Crane Carrier Industries, Inc.…