Legal Opinion
Lutz v. Boas
Court of Chancery of Delaware
Decided May 25, 1961PublishedCited by 17 opinions
1Opinion of the Court
Seitz, Chancellor:
Originally, this was a stockholder’s derivative action for the benefit of Managed Funds, Inc. (“Funds”), a mutual fund. Subsequently, Funds was realigned as plaintiff and given primary control of the case. The defendants who are before the court fall into three groups:
1. Hilton Slayton (“Hilton”) and his cousin Hovey Slayton (“Hovey”), who were the founders of Funds in 1946; their wholly-owned investment advisory company, Slayton Associates, Inc. (“Associates”).
2. The partnership and eight of the individual partners of the New York brokerage firm of Model, Roland & Stone…
2Cases cited5 opinions
- Goldstein v. GroesbeckCourt of Appeals for the Second Circuit · 1944
- Wechsler v. BowmanNew York Court of Appeals · 1941
- Hawkins v. Merrill, Lynch, Pierce, Fenner & BeaneDistrict Court, W.D. Arkansas · 1949
- Downing v. HowardCourt of Appeals for the Third Circuit · 1947
- Trincia v. TestardiCourt of Chancery of Delaware · 1948
3Cited by17 opinions
- Armstrong v. McAlpinCourt of Appeals for the Second Circuit · 1983
- Mills Acquisition Co. v. MacMillan, Inc.Supreme Court of Delaware · 1989
- Armstrong v. McalpinCourt of Appeals for the Second Circuit · 1983
- Twomey v. Mitchum, Jones & Templeton, Inc.California Court of Appeal · 1968
- McMenomy v. RydenSupreme Court of Minnesota · 1967
12 more not listed; retrieve them via the Exa API.