Breswick & Co. v. Briggs

McGOHEY, District Judge.

The defendants in this stockholders’ derivative action move to require security in the sum of $160,000 for costs pursuant to 61-b of New York’s General Corporation Law, McKinney’s Consol. Laws, c. 23, and, until that sum or a bond is posted, to stay all proceedings; particularly the examination of the defendants Young, Kirby and Alleghany Corporation. These examinations were originally noticed to commence in May, 1955. They were stayed, however, pending determination by Judge Walsh of a series of motions by both parties made from time to time between May and late…