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NICHOLS-MORRIS CORPORATION v. MORRIS

174 F.Supp. 691 (1959)

NICHOLS-MORRIS CORPORATION, Plaintiff, v. Robert E. MORRIS, Defendant.

United States District Court S. D. New York.

June 24, 1959.

Attorney(s) appearing for the Case

Schreiber, Klein & Opton, New York City, Gabriel B. Schwartz, New York City, of counsel, for plaintiff.

Parker, Chapin & Flattau, New York City, Samuel M. Chapin, and Alvin M. Stein, New York City, of counsel, for defendant.

WEINFELD, District Judge.

This is an action by the plaintiff, a New York corporation, against its former President and Director,1 charging him with breach of fiduciary duty. The basic charge is that the defendant, while still an officer of the plaintiff, induced the cancellation of a profitable sales distributorship enjoyed by plaintiff for thirteen years, which thereupon was awarded to a corporation controlled by the defendant.

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