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AMDUR v. LIZARS

No. 10578.

372 F.2d 103 (1967)

Charles AMDUR, Isadore Amdur, and Jack Amdur, Appellants, v. Rawson G. LIZARS, Malcolm Meyer, Certain-Teed Products Corporation, Appellees.

United States Court of Appeals Fourth Circuit.

Decided January 10, 1967.

Attorney(s) appearing for the Case

Louis C. Fieland, New York City, (Paul Berman, Baltimore, Md., on brief), for appellants.

William L. Marbury and Lawrence F. Rodowsky, Baltimore, Md., (Decatur H. Miller, Baltimore, Md., and Frank A. Kaufman, Pikesville, Md., on brief), for appellees.

Before SOBELOFF, BOREMAN and J. SPENCER BELL, Circuit Judges.

SOBELOFF, Circuit Judge:

Under review in this appeal is an order of the District Court staying certain proceedings in the plaintiff-stockholders' derivative action against a corporation and certain of its officers and directors, so long as a similar action brought earlier in a state court by the same plaintiffs remains "outstanding and undecided." In the circumstances of the case, which will be detailed below, we conclude that the order staying further proceedings...

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