GLENN v. HOTELTRON SYS.


74 N.Y.2d 386 (1989)

Arnold B. Glenn, as Trustee, and Herbert S. Kulik, Individually as a Director and on Behalf of Himself and All Other Shareholders Similarly Situated and on Behalf of Ketek Electric Corp., Appellants-Respondents, v. Hoteltron Systems, Inc., et al., Respondents-Appellants, et al., Defendant. Arnold B. Glenn, as Trustee, and Herbert S. Kulik, Individually as a Director and on Behalf of Himself and All Other Shareholders Similarly Situated and on Behalf of Ketek Electric Corp., Appellants-Respondents, v. Jacob Schachter, Respondent-Appellant, et al., Defendant. Jacob Schachter, Individually and as an Officer and Director and on Behalf of Himself and All Other Shareholders Similarly Situated and on Behalf of Ketek Electric Corporation, Respondent-Appellant, v. Herbert S. Kulik, Appellant-Respondent, et al., Defendant.

Court of Appeals of the State of New York.

Decided October 19, 1989.


Attorney(s) appearing for the Case

Charles T. Matthews for appellants-respondents.

David S. J. Neufeld and Denis P. O'Leary for respondents-appellants.

Judges SIMONS, KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.


Chief Judge WACHTLER.

These appeals involve three consolidated shareholders' derivative actions brought pursuant to sections 626 and 720 of the Business Corporation Law on behalf of Ketek Electric Corporation. The primary issues concern the proper allocation of damages, legal expenses and attorneys' fees in derivative suits, particularly where the injured corporation is closely held and damages awarded to the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases