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LEIGHTON v. PARAMOUNT PICTURES CORPORATION

No. 14, Docket 28831.

340 F.2d 859 (1965)

William LEIGHTON, Plaintiff-Appellant, v. PARAMOUNT PICTURES CORPORATION, Barney Balaban, Edwin Weisl and Paul E. Manheim, Defendants-Appellees.

United States Court of Appeals Second Circuit.

Decided January 12, 1965.

Attorney(s) appearing for the Case

William Leighton, plaintiff-appellant, pro se.

Leonard Kaufman, New York City, for defendant-appellee, Paramount Pictures Corp.

Whitney North Seymour, Jr., New York City (Simpson, Thacher & Bartlett, New York City), for defendants-appellees, Barney Balaban, Edwin L. Weisl and Paul E. Manheim.

Before MOORE, SMITH and KAUFMAN, Circuit Judges.

MOORE, Circuit Judge:

On October 8, 1963, Leighton (appellant) began a shareholder's derivative action by filing a vague and conclusory complaint which appeared to charge that the individual defendants, directors of Paramount Pictures Corporation, wasted corporate assets and plundered the corporate treasury. Leighton requested that various sums paid by Paramount be recovered from the individual defendants, that a receiver be appointed for Paramount, that various contracts...

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