Grunder v. Schwab

Motions by defendants for summary judgment and for judgment on the pleadings, and cross motion by plaintiff for partial summary judgment.

The action is a derivative stockholder’s action instituted by plaintiff on behalf of United Merchants and Manufacturers, Inc. (hereinafter referred to as United), a corporation in which she is a stockholder, to recover moneys alleged to have been paid by United to defendant Schwab, in violation of predetermined agreements for a fixed salary and contingent bonus. Plaintiff alleges that defendant directors wrongfully caused United to pay Schwab an additional…