BLOCK v. LANDEGGER


44 A.D.2d 671 (1974)

Marvin A. Block, Suing on Behalf of Himself and All Other Shareholders of Black Clawson Company, et al., Respondents, v. Karl F. Landegger et al., Appellants, et al., Defendants

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

April 18, 1974


In this stockholders' derivative action for damages for self-dealing transactions on the part of corporate directors and controlling shareholders, the lengthy complaint sets forth 13 causes of action covering a period back to 1959. It is claimed that the Statute of Limitations is tolled (as against an alternative motion herein under CPLR 3211, subd. [a], par. [5]) because of the absence from the State of the alleged controlling stockholder and the pendency for a period of...

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