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GOLDSTEIN v. WEISMAN

185 F.Supp. 242 (1960)

Reuben P. GOLDSTEIN and Herbert W. Goepel, Plaintiffs. v. Milton C. WEISMAN, Murray C. Spett, Emanuel Celler, Samuel S. Allan, Arthur Sheinberg, Jack Vogel, Philip E. Kahn, Milton Altmark, Malcolm Gordon, Frank E. Howard, Sidney W. Leiberman, Crane Carrier Industries, Inc., David Shindler, Morris H. Gotthilf, Arnold M. Gotthilf, Henry I. Singer, Joseph Abrams and Harold H. Hyman, Defendants.

United States District Court S. D. New York.

June 14, 1960.

Attorney(s) appearing for the Case

Kaufman, Taylor & Kimmel, New York City, for plaintiffs. Shephard S. Miller, and Irwin M. Taylor, New York City, of counsel.

Winthrop, Stimson, Putnam & Roberts, New York City, for defendant Crane Carrier Industries, Inc. Merrell E. Clark, Jr., New York City, and Harry A. Garfield, New York City, of counsel.

Weisman, Celler, Allan, Spett & Sheinberg, New York City, for defendants Milton C. Spett, Samuel S. Allan, Milton Altmark and Arnold M. Gotthilf. Milton C. Weisman, New York City, and Harry I. Rand, Washington, D. C., of counsel.

HERLANDS, District Judge.

This motion to compel the plaintiffs in a stockholders' derivative action to post security under Section 61-b of the New York General Corporation Law requires a consideration and application of the factors determining when and in what amount such security should be furnished. Since the controlling desiderata come into play only in the context of a particular litigation, it is necessary to subject the facts to close examination.

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