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HALPERN v. PENNSYLVANIA RAILROAD COMPANY

Civ. No. 60-C-436.

189 F.Supp. 494 (1960)

Michael J. HALPERN, individually, and as a stockholder of the Pennsylvania Railroad Co., on behalf of himself and all other stockholders of the said company similarly situated, Plaintiff, v. PENNSYLVANIA RAILROAD COMPANY, James M. Symes, Allen J. Greenough, James P. Newell, Fred Corpi, David C. Devan, Walter W. Patchell, J. Benton Jones, John D. Prizer, Ralph C. Champlin, James W. Oran, Park M. Roeper, John A. Schwab, James L. Cranwell, Bayard H. Roberts, William R. Gerstnecker, Hugh J. Ward, as officers of the said Pennsylvania Railroad Company, and James M. Symes, Allen J. Greenough, Richard K. Mellon, C. Jared Ingersoll, James E. Gowen, Philip R. Clarke, John A. Diemand, John B. Hollister, Joseph H. Thompson, R. George Rincliffe, Otto N. Frenzel, William L. Day, Gaylord P. Harnwell, Thomas L. Perkins, Edward J. Hanley, Fred Corpi, D. C. Bevan, and James P. Newell, as directors of the said Pennsylvania Railroad Company, Defendants.

United States District Court E. D. New York.

July 18, 1960.

Attorney(s) appearing for the Case

Michael J. Halpern, pro se.

Conboy, Hewitt, O'Brien & Boardman, New York City, Edward F. Butler, New York City, of counsel, for defendant Pennsylvania R. Co.

BARTELS, District Judge.

This action is brought by plaintiff individually, as a stockholder of the Pennsylvania Railroad Company (hereinafter referred to as the "Railroad"), and also on behalf of himself and all other stockholders of the Railroad similarly situated. In the complaint he seeks to enjoin the Railroad, its officers and directors from continuing to employ unnecessary personnel under "featherbedding" labor union rules and practices, and paying excessive...

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