SCHWARTZ v. ROSENTHAL


11 Misc.2d 647 (1958)

Milton Schwartz et al., Plaintiffs, v. Richard L. Rosenthal et al., Defendants.

Supreme Court, Special Term, New York County.

May 7, 1958.


Attorney(s) appearing for the Case

Marshall, Bratter, Green, Allison & Tucker for plaintiffs.

Cleary, Gottlieb, Friendly & Hamilton for Richard L. Rosenthal, and others, defendants.


ARON STEUER, J.

The complaint in this stockholders' representative action contains two causes of action. It alleges that the corporate defendant is in the business of supplying water to various communities in the State. Many of its properties have been condemned and as a result its business has been diminished materially and is steadily shrinking. The salary of its president has on the contrary steadily increased...

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