Hall v. Kittay

MEMORANDUM OPINION AND ORDER

LATCHUM, Chief Judge.

This action is brought by Dr. Frank M. Hall, a citizen of Vancouver, British Columbia and a stockholder of Cornwall Equities, Limited 1 (“Cornwall”), a Delaware corporation, whose principal place of business is New York City, New York. The second amended complaint (“complaint”), asserts representative claims on behalf of plaintiff and all other Cornwall shareholders similarly situated. It also alleges derivative claims on behalf of Cornwall against nine of its directors, the named defendants. 2

More particularly Count I of the complaint alleges…