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STECKLER v. PENNROAD CORPORATION

No. 8072.

136 F.2d 197 (1943)

STECKLER v. PENNROAD CORPORATION et al.

Circuit Court of Appeals, Third Circuit.

Decided May 11, 1943.

Attorney(s) appearing for the Case

James H. Molloy, of Philadelphia, Pa. (James Howard Molloy, of Philadelphia, Pa., and Emil Weitzner, Joyce N. Feldman, and Eugene M. Parter, all of New York City, on the brief), for appellant.

R. Sturgis Ingersoll, of Philadelphia, Pa. (C. B. Heiserman, of Philadelphia, Pa., Elder W. Marshall, of Pittsburgh, Pa., and W. Heyward Myers, Jr., Lewis M. Stevens, Thomas Stokes, Ballard, Spahr, Andrews & Ingersoll, Morgan, Lewis & Bockius, Pepper, Bodine, Stokes & Schoch, and Stradley, Ronon, Stevens & Young, all of Philadelphia, Pa., on the brief), for appellees.

Before MARIS, JONES, and GOODRICH, Circuit Judges.

GOODRICH, Circuit Judge.

Appellant is a shareholder of the Pennroad Corporation of Delaware. He instituted a derivative action against the corporation and certain of its past and present directors. Named also as defendants are the representatives of certain persons, now deceased, who were directors at the time of the acts complained of. The claims made were alleged to have arisen upon the purchase and holding by the corporation of the capital voting stock of the Boston...

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