New York Credit Men's Adjustment Bureau, Inc. v. Weiss
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtPeck, P. J.
The trustee in bankruptcy of W. F. Irish Co., Inc., brings an action under section 60 of the General Corporation Law against the two defendants, who are the officers, directors and stockholders of the corporation, to compel them to pay the value of property which they have wasted through neglect of or failure to perform their fiduciary duties.
The corporation, which was in the business of selling electrical supplies, had insufficient cash with which to meet the claims of its creditors, who were pressing for payment. The defendants themselves were in need of cash. They turned the entire…
2Cases cited11 opinions
- Darcy v. Brooklyn & New York Ferry Co.New York Court of Appeals · 1909
- Caesar v. BernardAppellate Division of the Supreme Court of the State of New York · 1913
- Caesar v. . BernardNew York Court of Appeals · 1913
- Buckley v. StansfieldAppellate Division of the Supreme Court of the State of New York · 1913
- John H. Giles Dyeing MacHine Co. v. Klauder-Weldon Dyeing MacHine Co.New York Court of Appeals · 1922
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3Cited by8 opinions
- Mediators, Inc. v. Manney (In re Mediators, Inc.)Court of Appeals for the Second Circuit · 1997
- Metropolitan Life Insurance v. RJR Nabisco, Inc.District Court, S.D. New York · 1989
- In re the Estate of RothkoNew York Surrogate's Court · 1975
- New York Credit Men's Adjustment Bureau, Inc. v. WeissNew York Court of Appeals · 1953
- Bartle v. MarksonDistrict Court, N.D. New York · 1969
3 more not listed; retrieve them via the Exa API.