Legal Opinion

Godley v. . Crandall Godley Co.

New York Court of Appeals

Decided June 9, 1914PublishedCited by 58 opinions

Gross-appeals from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered January 14, 1913, modifying and affirming as modified a judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term, The nature of the action and the facts, so far as material, are stated in the opinion.

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Gross-appeals from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered January 14, 1913, modifying and affirming as modified a judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term, The nature of the action and the facts, so far as material, are stated in the opinion. The Special Term properly decreed the repayment by the defendant directors of all moneys, whether taken by themselves or paid by them to others under the false claim that such payments were salaries. (Keyes v. Smith, 183 N. Y. 376; Kennedy v.…

1Opinion of the CourtMiller, J.

This is a representative action by the plaintiff as stockholder of the defendant Crandall & Godley Company to compel its officers to account for the wrongful diversion of its money and property to themselves and others. It is the typical case of a dispute arising from the incorporation of a trading partnership followed by the death or incapacity of one of the members and the adoption by the others of measures to limit the dividends of the inactive shareholder to what they conceive he ought to have. I shall consider under separate heads the objections to the judgment earnestly pressed by the…

2Cases cited14 opinions

  1. Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
  2. Gamble v. Queens County Water Co.New York Court of Appeals · 1890
  3. Continental Securities Co. v. . BelmontNew York Court of Appeals · 1912
  4. Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
  5. Leslie v. . LorillardNew York Court of Appeals · 1888

9 more not listed; retrieve them via the Exa API.

3Cited by58 opinions

  1. Ross v. WilsonNew York Court of Appeals · 1955
  2. Ripley v. International Railways of Central AmericaNew York Court of Appeals · 1960
  3. Gordon v. EllimanNew York Court of Appeals · 1954
  4. Anderson v. International Minerals & Chemical Corp.New York Court of Appeals · 1946
  5. M. McDonough Corp. v. ConnollyMassachusetts Supreme Judicial Court · 1943

53 more not listed; retrieve them via the Exa API.

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