Continental Securities Co. v. Belmont
New York Supreme Court
Action in behalf of stockholders against directors to compel an accounting.
1Opinion of the CourtVan Siclen, J.
The plaintiffs, as stockholders of the Interborough Rapid Transit Company, have *342brought this action in behalf of themselves and other stockholders similarly situated, against the directors of said company and said company to compel the former to account for 15,000 shares of the capital stock of said Interborough Rapid Transit Company, alleged to have been fraudulent and illegally issued to the firm of August Belmont & Co., and without any valid or adequate consideration therefor; but upon and for an alleged consideration that it was a mere pretense and subterfuge, intended to cover a gift or…
2Cases cited14 opinions
- Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
- Gamble v. Queens County Water Co.New York Court of Appeals · 1890
- Continental Securities Co. v. . BelmontNew York Court of Appeals · 1912
- Kountze v. . KennedyNew York Court of Appeals · 1895
- Pollitz v. . GouldNew York Court of Appeals · 1911
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3Cited by6 opinions
- Loft, Inc. v. GuthCourt of Chancery of Delaware · 1938
- Cleary v. HigleyNew York Supreme Court · 1934
- Central Hanover Bank & Trust Co. v. United Traction Co.Court of Appeals for the Second Circuit · 1938
- Loft v. GuthCourt of Chancery of Delaware · 1938
- Hine v. LaustererNew York Supreme Court · 1930
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