STELLA v. KAISER


82 F.Supp. 301 (1948)

STELLA v. KAISER et al.

United States District Court S. D. New York.

August 2, 1948.


Attorney(s) appearing for the Case

Lewis M. Dabney, Jr., and Anderson & Carew, all of New York City (Lewis M. Dabney, Jr., John A. Anderson, and Isadore H. Cohen, all of New York City, of counsel), for plaintiff.

Corbin, Bennett & Delehanty, of New York City, (Harold H. Corbin and Francis B. Delehanty, Jr., both of New York City, of counsel), for individual defendants.

Willkie, Owen, Farr, Gallagher & Walton, of New York City, (Mark F. Hughes of New York City, of counsel), for defendant, Kaiser-Frazer Corporation.

Roger S. Foster, Gen. Counsel, Louis Loss, Associate Gen. Counsel, Alfred Hill, Alexander E. Lipkin and Gerald W. Siegel, all of Washington, D. C. for a Securities & Exchange Commission, amicus curiae.


LEIBELL, District Judge.

The plaintiff, Michael Stella, suing on behalf of himself and all other stockholders of Kaiser-Frazer Corporation, commenced this action by the filing of a complaint in this Court on May 10, 1948. He names ten individuals and the Kaiser-Frazer Corporation as defendants. The individuals are all directors of the corporation and also hold important offices. This is a derivative stockholders suit brought on behalf of the corporation which is named...

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