Legal Opinion
Kaufman v. Wolfson
Appellate Division of the Supreme Court of the State of New York
Decided May 15, 1956PublishedCited by 5 opinions
1Opinion of the CourtBotein, J.
The decisional law and statutes relating to stockholders’ suits are still in the process of evolving a somewhat plastic formula, designed to protect the corporation both against the faults of those in control and against needless and oppressive lawsuits. The stockholder’s derivative action is a potent force for remedying certain injuries done to corporations, and, probably more important, the ever-present threat of such an action is a powerful prophylaxis against such abuses. While no encouragement is offered the “ officious and impertinent inter-meddler ” (Holmes v. Camp, 180 App. Div. 409,…
2Cases cited14 opinions
- Goldstein v. GroesbeckCourt of Appeals for the Second Circuit · 1944
- Kavanaugh v. . Commonwealth Trust Co.New York Court of Appeals · 1905
- Carruthers v. Jack Waite Mining Co.New York Court of Appeals · 1953
- Holmes v. CampAppellate Division of the Supreme Court of the State of New York · 1917
- Marcus v. OtisCourt of Appeals for the Second Circuit · 1948
9 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Brown v. TenneyIllinois Supreme Court · 1988
- Lambrecht v. O'NEALSupreme Court of Delaware · 2010
- Pessin v. Chris-Craft Industries, Inc.Appellate Division of the Supreme Court of the State of New York · 1992
- Brown v. TenneyAppellate Court of Illinois · 1987
- Matter of Pokoik v. 575 Realties, Inc.Appellate Division of the Supreme Court of the State of New York · 2016