This stockholder's derivative action seeks to nullify the action of the board of directors of the Penn Central Corporation in awarding bonuses totaling over $1,000,000 to two key executives. Plaintiff claims these bonuses are illegal, a waste of corporate assets, and constitute a breach of the directors' fiduciary duties.
Defendants move to dismiss pursuant to CPLR 3211, on the ground that plaintiff has failed to either make...
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