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ALLIED ARTISTS PICTURES CORPORATION v. D. KALTMAN & CO.

No. 67 Civ. 3471.

283 F.Supp. 763 (1967)

ALLIED ARTISTS PICTURES CORPORATION, Plaintiff, v. D. KALTMAN & CO., Inc. and Emanuel L. Wolf, Defendants.

United States District Court S. D. New York.

September 25, 1967.

Attorney(s) appearing for the Case

The appearances were:

Berman & Powers, New York City, for plaintiff; Lawrence M. Powers, William B. Jaffe, New York City, of counsel.

Hughes, Hubbard, Blair & Reed, New York City, for defendants; Robert J. Sisk, Peter Gruenberger, New York City, of counsel.

MEMORANDUM

FREDERICK van PELT BRYAN, District Judge:

Plaintiff moves to stay a proceeding in the New York Supreme Court in which defendant Kaltman & Co. seeks to compel the plaintiff corporation to call a special meeting of holders of the corporation's preferred stock for the purpose of electing new directors.

Plaintiff's amended complaint sets forth two claims for relief. The first claim, based upon § 10(b) of the Securities Exchange Act...

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