ARMSTRONG v. DOYLE


16 A.D.2d 916 (1962)

John M. Armstrong et al., Suing on Behalf of Themselves and All Other Stockholders Similarly Situated and on Behalf and in the Right of Canadian Javelin Limited, Respondents, and Milton Berman, Suing on Behalf of Himself and All Other Stockholders Similarly Situated and on Behalf and in the Right of Canadian Javelin Limited, et al., Appellants, v. John C. Doyle et al., Respondents, et al., Defendants Canadian Javelin Limited, Plaintiff, v. John C. Doyle et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

June 26, 1962


Judgment entered on August 16, 1961 unanimously modified on the law to the extent of striking out the last decretal paragraph and as so modified is affirmed, without costs.

The retention of jurisdiction by the court as provided for in the last decretal paragraph may not be sustained. Such provision could well result in a complete breakdown of the normal functioning of the board of directors. It would, in effect, make the...

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