KAUFMAN v. WOLFSON


1 A.D.2d 555 (1956)

Stanley L. Kaufman, Appellant, v. Louis E. Wolfson et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

May 15, 1956.


Attorney(s) appearing for the Case

Jacob Imberman of counsel (Irwin M. Taylor with him on the brief; Kaufman, Imberman & Taylor, attorneys), for appellant.

Edwin A. Lewis of counsel (Lawler & Rockwood, attorneys), for Devoe & Raynolds Company, Inc., respondent.

RABIN, FRANK, VALENTE and BERGAN, JJ., concur.


BOTEIN, J.

The decisional law and statutes relating to stockholders' suits are still in the process of evolving a somewhat plastic formula, designed to protect the corporation both against the faults of those in control and against needless and oppressive lawsuits. The stockholder's derivative action is a potent force for remedying certain injuries done to corporations, and, probably more important, the ever-present...

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