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AMERICAN CREDIT INDEM. CO. v. LEGGE

No. 92 Civ. 2101.

829 F.Supp. 649 (1993)

AMERICAN CREDIT INDEMNITY COMPANY, Plaintiff, v. H. Alan LEGGE and Daniel Sullivan, Jr., Defendants.

United States District Court, S.D. New York.

August 12, 1993.

Attorney(s) appearing for the Case

Lawrence Iason, Morvillo, Abramowitz, Grand, Iason & Silverberg, New York City, for plaintiff.

Warren L. Feldman, Rogers & Wells, for Legge, G. Robert Gage, Gage & Finnerman, for Sullivan, New York City, for defendants.

MEMORANDUM ENDORSEMENT

STANTON, District Judge.

The points raised in defendants' motion for dismissal of the complaint are disposed of as follows:

1. The argument that the plaintiff corporation lacks standing to bring this suit to recover damages for injuries to the corporation is rejected, for lack of a factual showing that the suit is inequitable for reasons beyond the mere fact that its sole shareholder acquired its shares after the challenged...

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