Steinway v. Steinway & Sons
New York Supreme Court
• Action to restrain the continuance of certain corporate acts as ultra s vires and void. . .
1Opinion of the CourtBeekman, J.
The plaintiff is a stockholder of the defendant corporation, Steinway & Sons, and. brings this action against, the trustees of the corporation for injunctive relief restraining the continuance .of certain acts alleged to be ultra vires, or to involve wasteful, extravagant • and unnecessary expenditures, having no proper relation to the business of the corporation. An accounting is also asked for in respect to past transactions- of • this character, - and the enforcement of a personal liability against the trustees ¡to the corporation by reason of these- alleged unlawful acts. •
It is-proper to…
2Cases cited1 opinion
- Leslie v. . LorillardNew York Court of Appeals · 1888
3Cited by17 opinions
- Dodge v. Ford Motor Co.Michigan Supreme Court · 1919
- The Herald Company, (Cross-Appellant) v. Donald R. Seawell, (Cross-Appellees)Court of Appeals for the Tenth Circuit · 1972
- Heinz v. National Bank of CommerceCourt of Appeals for the Eighth Circuit · 1916
- Corning Glass Works v. LucasCourt of Appeals for the D.C. Circuit · 1929
- A. P. Smith Manufacturing Co. v. BarlowSupreme Court of New Jersey · 1953
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