Legal Opinion
Reid v. Long Island Bond & Mortgage Guarantee Co.
New York Supreme Court
Decided November 15, 1949PublishedCited by 3 opinions
1Opinion of the CourtColden, J.
The defendants challenge the sufficiency of plaintiffs ’ complaint in a stockholders ’ derivative action which seeks judgment to compel the distribution by the Long Island Bond and Mortgage Guarantee Company of about $500,000 of accumulated surplus and undivided profits.
Assuming, as we must upon a motion of this character, the truth of the ultimate allegations of fact pleaded in the complaint, as well as all inferences which may be reasonably drawn therefrom the court is of the opinion that the present complaint is insufficient as a matter of law to state any cause of action.
It is well…
2Cases cited7 opinions
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- Didier v. MacFadden Publications, Inc.New York Court of Appeals · 1949
- Lamphere v. . LangNew York Court of Appeals · 1915
- Nauss v. Nauss Bros.Appellate Division of the Supreme Court of the State of New York · 1921
- Hastings v. International Paper Co.Appellate Division of the Supreme Court of the State of New York · 1919
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Gordon v. EllimanNew York Court of Appeals · 1954
- 609 Holding Corp. v. BurkeNew York Supreme Court · 1952
- Reid v. Long Island Bond & Mortgage Guarantee Co.Appellate Division of the Supreme Court of the State of New York · 1950