Ray v. Irving Subway Grating Co.

The petitioner applies for an injunction pendente lite to restrain the holding of a special meeting of the stockholders of the corporation.

The petition must be denied.

First, the courts are reluctant to interfere by injunction with the internal affairs of corporations and, second, injunctive relief is a harsh remedy that should be granted only where the applicant has established a clear right to such a remedy and has shown irremedial harm if the injunction is denied. The petitioner has failed to show these requisites. (La Vin v. La Vin, 36 N Y S 2d 235 [Froessel, J.]; see, also, Matter of La…