BROIDA v. BANCROFT


103 A.D.2d 88 (1984)

Herbert Broida et al., on Behalf of Themselves and All Other Holders of Dow Jones & Company, Inc., Stock Similarly Situated, and in the Right of Dow Jones & Company, Inc., Derivatively, Appellants, v. Bettina Bancroft et al., Respondents

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

July 23, 1984


Attorney(s) appearing for the Case

Wilson, Elser, Edelman & Dicker (Edward J. Boyle, Steven Kent and Mary E. Reisert of counsel), for appellants.

Patterson, Belknap, Webb & Tyler (Frederick T. Davis, David E. Moran and Richard J. Tofel of counsel), for respondents.

MANGANO, GIBBONS and O'CONNOR, JJ., concur.


TITONE, J. P.

In this shareholders' derivative action, plaintiffs appeal from two orders of the Supreme Court, Suffolk County. The first order granted defendants' cross motion to dismiss the complaint, the court finding that the litigation concerned the internal affairs of a foreign corporation and "[i]n the exercise of discretion * * * refus[ing] jurisdiction". The second order was made upon reargument and adhered...

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