Davidson v. Rodnon

— ■ Derivative action brought by a stockholder of three corporations challenging as an act of waste the purchase of a block of preferred stock incidental to a corporate reorganization, and challenging the legality of certain withdrawals or loans obtained by certain officers. Judgment dismissing the complaint on the merits reversed on the law and the facts, with costs, and judgment for the plaintiff directed to the extent of allowing interest on the alleged loans to respondents Simon Rodnon, Louis Rodnon, David Rodnon and Samuel Becker, with costs. There is no merit to the challenge as to the…