SWINTON v. BUSH & CO.


199 Misc. 321 (1951)

John Swinton et al., Plaintiffs, v. W. J. Bush & Co., Inc., Defendant.

Supreme Court, Special Term, New York County.

February 6, 1951.


Attorney(s) appearing for the Case

Loeb, Churchill & Lawther for defendant.

Edgar E. Harrison for plaintiffs.


WALTER, J.

Stockholders of a New York corporation bring this action against it to obtain a judgment directing that it pay out and distribute $500,717.72 as a dividend upon its common stock. Defendant moves for an order requiring plaintiffs to give security for its expenses and to bring in a majority of defendant's directors as parties defendant.

Whether or not such security should be required in actions...

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