Imberman v. Alexander

A small group of policyholders in defendant Equitable Life Assurance Society of the United States have brought several actions which have been consolidated in the instant complaint. This action, once dismissed for lack of prosecution, had been restored (12 Mise 2d 630 )and is now before this court for determination on the basis of pleadings, examinations before trial, exhibits introduced at said examinations and arguments, oral and via briefs. In the two causes of action plaintiffs have sought to have Equitable recover from defendant’s officers, directors el al., substantial sums allegedly…