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LIMMER v. MEDALLION GROUP

75 A.D.2d 299 (1980)

Ralph Limmer, Appellant-Respondent, v. Medallion Group, Inc., et al., Respondents, and Marvin H. Speiser et al., Respondents-Appellants

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

June 24, 1980

Attorney(s) appearing for the Case

Joseph Sternberg of counsel (Stuart D. Wechsler and H. Elliot Wales with him on the brief; Kass, Goodkind, Wechsler & Labaton, attorneys), for appellant-respondent.

Franklin B. Velie of counsel (Paul D. Wexler and Mathew E. Hoffman with him on the brief; Gordon Hurwitz Butowsky Baker Weitzen & Shalov, attorneys), for respondents-appellants.

John B. Grant, Jr. (Leon P. Gold with him on the brief; Shea & Gould, attorneys), for J. K. Lasser & Co. and another, respondents.

Henry P. Wasserstein of counsel (Norman Trabulus with him on the brief; Skadden, Arps, Slate, Meagher & Flom, attorneys), for Medallion Group, Inc., and others, respondents.

BIRNS, SANDLER, MARKEWICH and CARRO, JJ., concur.

KUPFERMAN, J. P.

Plaintiff is the owner of 300 shares of common stock issued by defendant Medallion Group, Inc., a Delaware corporation with its principal office in New York City and listed on the American Stock Exchange. He brings this derivative action on behalf of, and in the right of, defendant Medallion and certain of its subsidiaries and affiliates.

A proxy statement issued in connection with the...

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