Legal Opinion

Gerdes v. Reynolds

New York Court of Appeals

Decided July 11, 1939PublishedCited by 77 opinions

1Opinion of the CourtLehman., J.

Alleging in the complaint that its moneys had been wasted or diverted from corporate purposes by the negligence or other wrongs of its directors, Reynolds Investing Company brought this action against its directors and other persons who, it is said, profited by or participated in the alleged wrongful acts. Eight causes of action are joined in the complaint. Clarence K. Reynolds and William F. Woodward challenge the fourth cause of action on the ground that it fails to allege facts sufficient to constitute a cause of action against them. On the same ground the defendant-appellant Woodward…

2Cases cited7 opinions

  1. Brinckerhoff v. . BostwickNew York Court of Appeals · 1882
  2. Sage v. . CulverNew York Court of Appeals · 1895
  3. Kavanaugh v. . Commonwealth Trust Co.New York Court of Appeals · 1905
  4. Knowles v. . City of New YorkNew York Court of Appeals · 1903
  5. Walsh v. Van Ameringen-Haebler, Inc.New York Court of Appeals · 1931

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3Cited by77 opinions

  1. Kalmanash v. SmithNew York Court of Appeals · 1943
  2. Rettinger ex rel. Standard Oil Co. v. PierpontNebraska Supreme Court · 1944
  3. Schmidt v. Magnetic Head Corp.Appellate Division of the Supreme Court of the State of New York · 1984
  4. Patterson v. StateAppellate Division of the Supreme Court of the State of New York · 1976
  5. Corash v. Texas Co.Appellate Division of the Supreme Court of the State of New York · 1942

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