Legal Opinion
Abrams v. Allen
New York Court of Appeals
Decided July 2, 1947PublishedCited by 52 opinions
1Opinion of the CourtDesmond, J.
The Appellate Division has dismissed this complaint on the ground that, “ stripped of its conclusory statements ”, it “ shows only a reasonable exercise of business judgment by the directors ” and that “ no facts are set forth which show that appellants [defendants] had interests adverse to the corporation or that they dealt with the corporation for their own benefit or that they were guilty of waste or fraud ” (271 App. Div. 326, 328). If in any aspect upon the facts stated plaintiffs are entitled to a recovery, dismissal was, of course, improper (Dyer v. Broadway Central Bank, 252 N. Y.…
2Cases cited22 opinions
- Berkey v. Third Avenue Railway Co.New York Court of Appeals · 1926
- National Labor Relations Board v. Nevada Consolidated Copper Corp.Supreme Court of the United States · 1942
- National Labor Relations Board v. Remington Rand, Inc.Court of Appeals for the Second Circuit · 1938
- Advance Music Corp. v. American Tobacco Co.New York Court of Appeals · 1946
- Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
17 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- Rager v. McCloskeyNew York Court of Appeals · 1953
- Denihan Enterprises, Inc. v. O'DwyerNew York Court of Appeals · 1951
- Giblin v. MurphyNew York Court of Appeals · 1988
- MATTER OF COHEN v. Cocoline Prods.New York Court of Appeals · 1955
- Pirrone v. Toboroff (In Re Vaniman International, Inc.)United States Bankruptcy Court, E.D. New York · 1982
47 more not listed; retrieve them via the Exa API.