Manufacturers Mutual Fire Insurance v. Hopson

This is a motion by petitioners, stockholders of Associated Gas and Electric Company, to vacate and set aside a stipulation of discontinuance in an action heretofore instituted by other stockholders, as plaintiffs, against the company. A trustee for the Associated Gas and Electric Company (herein called the debtor), appointed by the United States District Court, seeks similar relief in order that he, too, might join in prosecuting the former action. That action, instituted in October, 1934, was the conventional derivative suit against the debtor as the nominal defendant and its directors as…