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AM. DIST. TEL. CO. v. GRINNELL CORP.

33 A.D.2d 769 (1969)

American District Telegraph Company, Appellant, v. Grinnell Corporation et al., Respondents, et al., Defendants

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

December 23, 1969

MEMORANDUM BY THE COURT.

Judgment and order entered July 24, 1969 and July 18, 1969, respectively, affirmed, with $50 costs and disbursements to the defendants-respondents. The contentions expressed in the dissent which impugn either the purpose or the individuals involved in the transactions, we feel, are completely beside the points involved. The legality of the dividends is not challenged nor is there shown conduct on the part of the directors voting for the dividends...

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