Petitioners own 2/3 and respondents 1/3 of the outstanding capital stock of Yorkville Associates. They also constitute all of the directors of Yorkville. The corporation's charter and by-laws require unanimous consent of directors and shareholders as to all corporate matters. In 1967 respondent, Martin Langer, commenced a stockholders' derivative suit against petitioners and a temporary receiver was appointed therein. That action is still pending and that receiver is still...
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