GALLIGAN v. GALLIGAN-OWEN CORP.


19 Misc.2d 787 (1959)

William J. Galligan, Individually and as a Stockholder of Galligan-Owen Corporation, Suing on Behalf of Himself and in the Right of Galligan-Owen Corporation, Plaintiff, v. Galligan-Owen Corporation et al., Defendants.

Supreme Court, Special and Trial Term, New York County.

May 6, 1959.


Attorney(s) appearing for the Case

Louis Bender for plaintiff.

Proskauer, Rose, Goetz & Mendelsohn for defendants.


HENRY EPSTEIN, J.

This is a stockholder's action to enjoin the sale of assets of the corporate defendant and for an accounting. A motion for temporary injunction was denied. All the assets have been disposed of pursuant to sale as of March 15, 1959 and creditors of the corporation have been paid off. All stockholders except plaintiff approved the sale and they constituted more than the two thirds necessary for...

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