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KAUFMAN v. WOLFSON

153 F.Supp. 253 (1957)

Stanley L. KAUFMAN, Dorothy Berkwick, George Berry, Harry Berry, Peter Breingan, Wanda G. Buffoni, Marian S. Campbell, Oliver C. Capper, John R. Cheseldine, Jennie N. Clisset, Isidore Cohen and Rebecca Cohen, Theodore Drazek, Harry W. Ewald and Jessie W. Ewald, Bernard Eisenberg, Earl Freed, John A. Gallik and Mary Claire Gallik, Margaret C. Gilmore, Max Goldstein, Frank A. Graham, Samuel Herrick, Janet M. Hunt, Anna S. Jacobson, Herman Ketcher, Sr., Ernest A. Lemmo, Martha Hazel Lenoir, Agnes Levi, Marion L. Lueck, Louise Malmstrom, George E. Marshall, Mary L. McNamara and Maurice Francis, Michael Miller, Ralph T. Morgan and Crystal Morgan, E. Thomas Neely, Emma Pausa, Cecilia Pitman, Elsie H. Rainey and Joseph P. Rainey, Emily Rice, Oscar Schaefer, Edward Schmidt, Walter C. Schmidt, John M. Schott and Arabella P. Schott, Philip Silberman, J. W. Sparks & Co., Naomi Techentin, Annabell Thomas, Ottille B. Voege, Elsie M. Werk and Elizabeth Wranovics, individually and as Administratrix of the Estate of Ernest Wranovics, deceased, Plaintiffs, v. Louis E. WOLFSON, J. A. B. Broadwater, E. B. Gerbert, David A. Goodkind, Robert E. Harvey, Alexander Rittmaster, Edward L. Teale, Cecil Wolfson, Samuel Wolfson, H. W. Pierce, Robert C. Baker, Robert L. Purcell, Doran S. Weinstein, M. F. Bloomenstiel, New York Shipbuilding Corporation and Devoe & Reynolds Company, Inc., Defendants.

United States District Court S. D. New York.

June 27, 1957.

Attorney(s) appearing for the Case

Kaufman, Imberman & Taylor, New York City, for plaintiffs, Jacob Imberman, New York City, of counsel, Irwin M. Taylor, New York City, on the brief.

Manning, Hollinger & Shea, New York City, for the individual defendants, William A. Shea, Bruce A. Hecker, and Ralph L. Ellis, New York City, Joseph M. Glickstein, Glickstein, Crenshaw & Glickstein, Jacksonville, Fla., of counsel.

Lawlor & Rockwood, New York City, for defendants New York Shipbuilding Corp. and Devoe & Raynolds Co., Inc.

DIMOCK, District Judge.

Plaintiffs bring this stockholders' derivative action on behalf of New York Shipbuilding Corporation (hereinafter Ship) and Devoe & Raynolds Company, Inc., (hereinafter Devoe) to recover damages alleged to have been sustained because of the conduct of defendants. Plaintiffs alleged eight wrongful acts on the part of defendants. Three of the claims were withdrawn by plaintiffs at the trial, and one was dismissed at the conclusion of plaintiffs...

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