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LEADER v. DINKLER MGT. CORP.

20 N.Y.2d 393 (1967)

I. Theodore Leader, Appellant, v. Dinkler Management Corporation, Respondent, et al., Defendant.

Court of Appeals of the State of New York.

Decided July 7, 1967.

Attorney(s) appearing for the Case

Joseph Eckhaus for appellant.

Alan S. Kramer, Arthur B. Kramer and Jerome Lipper for respondent.

Judges VAN VOORHIS, BURKE, SCILEPPI, BERGAN and BREITEL concur with Judge KEATING; Chief Judge FULD taking no part.

KEATING, J.

The plaintiff in this action, I. Theodore Leader, and the defendant Joseph Durst were the promoters and controlling stockholders of the Leader-Durst Corporation. The corporation was organized in December, 1961. Shortly thereafter the Leader-Durst Corporation made a public offering of a large block of its Class A stock at a price of $5.00 per share. In order to insure compliance with the registration...

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