Legal Opinion
Stella v. Kaiser
District Court, S.D. New York
Decided December 2, 1948PublishedCited by 3 opinions
1Opinion of the Court
KAUFMAN, District Judge.
This is a motion for an order requiring plaintiff to give security in the sum of $55,000 for the reasonable expenses, including attorney’s fees, which may be incurred by defendants in connection with the defense of this suit, which is brought by a stockholder on behalf of the nominal defendant Kaiser-Frazer Corporation. New York General Corporation Law, Consol. Laws, c. 23, § 61-b.
The plain-tiff is the owner, of twenty shares — slightly less than one/two-thousandths of one per cent. — of the issued and outstanding shares of stock of KaiserFrazer Corporation, the market…
2Cases cited8 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Holmberg v. ArmbrechtSupreme Court of the United States · 1946
- Beneficial Industrial Loan Corp. v. SmithCourt of Appeals for the Third Circuit · 1948
- Craftsman Finance & Mortgage Co. v. BrownDistrict Court, S.D. New York · 1945
- Stella v. KaiserDistrict Court, S.D. New York · 1948
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3Cited by3 opinions
- Fielding v. AllenCourt of Appeals for the Second Circuit · 1950
- McClure v. Borne Chemical Co.Court of Appeals for the Third Circuit · 1961
- Charles A. McClure and Ruth H. McClure Suing on Their Own Behalf and on Behalf of All Other Stockholders of the Borne Chemical Company, Inc., Similarly Situated v. Borne Chemical Company, Inc., Thomas E. Betner, William L. Less, Thomas A. Marino, the Cem Securities Corporation, Walter L. McManus Marshall A. Jacobs, George E. Allen, Clyde E. Williams, Henry E. Brandli and H. Carl Northrup. Borne Chemical Company, Inc., Thomas E. Betner, William L. Less, Thomas A. Marino, Marshall A. Jacobs, Clyde E. Williams and H. Carl Northrup, Charles A. McClure and Ruth H. McClure Suing on Their Own Behalf and on Behalf of All Other Stockholders of Borne Chemical Company, Inc., Similarly Situated v. Borne Chemical Company, Inc., Thomas E. Betner, William L. Less, Thomas A. Marino, the Cem Securities Corporation, Walter L. McManus Marshall A. Jacobs, George E. Allen, Clyde E. Williams, Henry E. Brandli and H. Carl Northrup. Cem Securities Corporation and Walter L. McManusCourt of Appeals for the Third Circuit · 1961