Plaintiff brought this stockholders' derivative action against past and present directors of Instrument Systems Corporation. Defendant Edward J. Garrett is also its chairman of the board and chief executive officer. Defendant Bernard R. Garrett is also its president. In her complaint, plaintiff alleged that, on February 25, 1972, Instrument's board of directors authorized the sale of 80,000 warrants to the Garretts and certain other officers and employees. The warrants permitted...
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