COHEN v. BENEFICIAL INDUSTRIAL LOAN CORPORATION

Civ. A. No. 1215.

93 F.Supp. 418 (1950)

COHEN v. BENEFICIAL INDUSTRIAL LOAN CORPORATION et al.

United States District Court D. Delaware.

September 21, 1950.


Attorney(s) appearing for the Case

S. Samuel Arsht (of Morris, Steel, Nichols & Arsht), of Wilmington, Del., for plaintiff.

Robert H. Richards, Jr. (of Richards, Layton & Finger), of Wilmington, Del., for Beneficial Industrial Loan Corp.

C. A. Southerland and Richard F. Corroon (of Southerland, Berl & Potter), of Wilmington, Del., for defendants Felter and Turner.


LEAHY, Chief Judge.

Plaintiff, as a stockholder of Beneficial Industrial Loan Corporation, instituted a derivative action against directors and controlling stockholders in an attempt to recover on behalf of the corporation losses which it allegedly suffered as a result of the wrongful acts of the individual defendants.1 The present matter calls for the disposition of three pending motions, which are: (1) Motion of Beneficial to dismiss...

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