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JACOBSON v. GENERAL MOTORS CORPORATION

22 F.Supp. 255 (1938)

JACOBSON v. GENERAL MOTORS CORPORATION et al. WINKELMAN et al. v. SAME.

District Court, S. D. New York.

February 2, 1938.

Attorney(s) appearing for the Case

Charles Winkelman, of New York City (Arthur Berenson and Bernard Berenson, both of Boston, Mass., of counsel), for plaintiffs.

Davis, Polk, Wardwell, Gardiner & Reed, of New York City (J. Harry Covington, Dean G. Acheson, and Charles A. Horsky, all of Washington, D. C., and Bertram F. Willcox, David Sher, and Ralph M. Carson, all of New York City, of counsel), for defendants.

KNOX, District Judge.

Two stockholders' suits have been brought by plaintiffs, attacking the so-called bonus plan and other methods of supplemental compensation used by General Motors from March, 1918, to 1936, as ultra vires, fraudulent, and illegal. The Winkelman action was originally brought in the Supreme Court of New York county, removed, and consolidated with the Jacobson case, already pending here.

Invoking Equity Rule 27, 28 U.S.C.A. following section...

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