MARCO v. SACHS


201 Misc. 928 (1951)

Ida Marco, as Ancillary Administratrix of The Estate of Harry Marco, Deceased, a Stockholder in Blue Ridge Corporation, on Behalf of Himself and All Other Stockholders Similarly Situated, and on Behalf of Said Corporation, Plaintiff, v. Arthur Sachs et al., Defendants.

Supreme Court, Special Term, Kings County.

July 16, 1951.


Attorney(s) appearing for the Case

Hurley, Gray & Kearney for Blue Ridge Corporation and another, defendants.

David M. Palley for plaintiff.

Sullivan & Cromwell for Arthur Sachs and others, defendants.


BARTELS, J.

Motion for substitution of an assignee as a nominal party defendant. This is a stockholder's derivative action based upon alleged wrongs perpetrated on the defendant corporation by the individual defendants as directors. In this case Central States Electric Corporation (hereafter referred to as "Central States"), which is the parent and controlling stockholder of the Blue Ridge Corporation (hereafter...

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