Legal Opinion
Townsend Corporation of America v. Davidson
District Court, D. New Jersey
Decided September 16, 1963No. Civ. A. 72-62PublishedCited by 29 opinions
1Opinion of the Court
AUGELLI, District Judge.
In this action against a number of its former directors and others, plaintiff Townsend Corporation of America (TCA) seeks, inter alia, an accounting for all damages claimed to have been sustained by it as a result of the several transactions alleged in the 11 counts of the complaint. The director-defendants are charged with violations of the Investment Company Act of 1940 (Act), 15 U.S.C.A. § 80a-l, et seq., and breaches of common law fiduciary duties.
The management of TCA is presently vested in an interim board of directors appointed by this Court in a separate…
2Cases cited12 opinions
- Perry O. Hooper, as Trustee in Bankruptcy of Consolidated American Industries, Inc. v. Mountain States Securities CorporationCourt of Appeals for the Fifth Circuit · 1960
- Brown v. BullockCourt of Appeals for the Second Circuit · 1961
- Edgar Robert Errion, Also Known as E. R. Errion and Bob Errion Amy Errion, Violet Kellerstraus, and C. W. Williamson v. Marguerite L. ConnellCourt of Appeals for the Ninth Circuit · 1956
- Sandor Schwartz v. Cyrus S. Eaton, Walter J. Tuohy, and Cyrus S. Eaton, Jr.Court of Appeals for the Second Circuit · 1959
- Thiele v. ShieldsDistrict Court, S.D. New York · 1955
7 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Dyer v. Eastern Trust and Banking CompanyDistrict Court, D. Maine · 1971
- Cooper v. North Jersey Trust Company of Ridgewood, NJDistrict Court, S.D. New York · 1964
- Zorn v. AndersonDistrict Court, S.D. New York · 1966
- Kane v. Central American Mining & Oil, Inc.District Court, S.D. New York · 1964
- Robinson v. Penn Central Co.Court of Appeals for the Third Circuit · 1973
24 more not listed; retrieve them via the Exa API.