Wile v. Burns Bros.

COXE, District Judge.

This is a motion by the plaintiffs to remand to the state court.

The action is a stockholders’ derivative suit brought by three stockholders of Burns Bros., a New Jersey corporation, against the corporation itself, and twenty-seven individual defendants, described as past and present directors and officers, for an accounting and damages. The complaint is voluminous, and it is unnecessary to summarize its various provisions. It will be sufficient for the present purpose to say that it charges the twenty-seven individual defendants with gross mis*951management, unlawful conduct,…