William Leighton v. Paramount Pictures Corporation, Barney Balaban, Edwin Weisl and Paul E. Manheim

MOORE, Circuit Judge:

On October 8, 1963, Leighton (appellant) began a shareholder’s derivative action by filing a vague and conclusory complaint which appeared to charge that the individual defendants, directors of Paramount Pictures Corporation, wasted corporate assets and plundered the corporate treasury. Leighton requested that various sums paid by Paramount be recovered from the individual defendants, that a receiver be appointed for Paramount, that various contracts to which Paramount was a party be can-celled, and that an injunction be issued against further payments by it without the…