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NEUMAN v. PIKE

Nos. 207, 212, Dockets 78-7356, 7369.

591 F.2d 191 (1979)

Carl H. NEUMAN, Plaintiff-Appellee-Cross-Appellant, v. Otis G. PIKE, Defendant-Appellant-Cross-Appellee.

United States Court of Appeals, Second Circuit.

Decided January 18, 1979.

Attorney(s) appearing for the Case

Lola S. Lea, New York City (Trubin, Sillcocks, Edelman & Knapp, Diana Elzey Pinover, New York City, of counsel), for plaintiff-appellee-cross-appellant.

Joseph P. Hoey, Mineola, N. Y. (Meyer, English, Cianciulli & Perez, P. C., Bernard S. Meyer and Harold Ickes, Mineola, N. Y., of counsel), for defendant-appellant-cross-appellee.

Before MOORE and VAN GRAAFEILAND, Circuit Judges, and KNAPP, District Judge.

VAN GRAAFEILAND, Circuit Judge:

The Long Island Nursing Home Ltd., a stock corporation, has operated a psychiatric hospital in Suffolk County since 1887. In 1952 it added a nursing home which now has 80 beds, and in 1974 it added a 120-bed health-related facility. In 1975, plaintiff Neuman and defendant Pike combined their resources to obtain a controlling stock interest in this valuable property. Each acquired ownership of twenty-six percent of the outstanding shares...

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