HENIS v. COMPANIA AGRICOLA DE GUATEMALA

No. 11229.

210 F.2d 950 (1954)

HENIS et al. v. COMPANIA AGRICOLA DE GUATEMALA et al.

United States Court of Appeals, Third Circuit.

Decided March 2, 1954.


Attorney(s) appearing for the Case

Arthur G. Logan, Wilmington, Del. (Stephen E. Hamilton, Jr., Wilmington, Del., Alexander Kahan, New York City, on the brief), for appellants.

William S. Potter, Wilmington, Del., and Porter R. Chandler, New York City, (James L. Latchum, Wilmington, Del., Davis Polk Wardwell Sunderland, & Kiendl, Theodore Kiendl and Edwin J. Jacob, New York City, on the brief), for Compania Agricola de Guatemala, appellee.

Edward M. Harris, Jr., New York City, for International Railways of Central America.

Before MARIS, KALODNER and STALEY, Circuit Judges.


PER CURIAM.

This is an appeal by the plaintiffs from an order of the district court dismissing their complaint in a stockholders' derivative action brought by them on behalf of defendant International Railways of Central America against defendant Compania Agricola de Guatemala. In their complaint plaintiffs allege that they purchased their shares in International Railways in the latter part of 1951, whereas the transactions which they seek to have set aside and cancelled...

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