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CUSTER CHANNEL WING CORPORATION v. FRAZER

181 F.Supp. 197 (1959)

CUSTER CHANNEL WING CORPORATION and William R. Custer, for the Benefit of Custer-Frazer Corporation, Plaintiffs, v. Joseph W. FRAZER, H. Fraser Leith, John Astor Drayton and Custer-Frazer Corporation, Defendants.

United States District Court S. D. New York.

December 9, 1959.

Attorney(s) appearing for the Case

Burns, Currie, Maloney & Rice, New York City, for plaintiffs. Francis Currie, Walter E. Maloney, New York City, of counsel.

Wolf & Burrell, New York City, for defendants Joseph W. Frazer, H. Frazer Leith and John Astor Drayton. George A. Burrell, New York City, of counsel.

Joseph S. Schuchert, for defendant Custer-Frazer Corp.

HERLANDS District Judge.

This proceeding is a stockholder's and dissenting director's action for a permanent injunction to prevent alleged corporate waste and self-dealing by directors, and a motion for a preliminary injunction. The application for an injunction pendente lite is now before the court. At present there is outstanding a temporary restraining order which has been extended pending the determination of this motion. There are substantial issues of...

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