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SEINFELD v. ROBINSON

172 Misc.2d 159 (1997)

656 N.Y.S.2d 707

Frank D. Seinfeld, Derivatively and on Behalf of American Express Co., Plaintiff, v. James Robinson et al., Defendants.

Supreme Court, New York County.

February 21, 1997

Attorney(s) appearing for the Case

Abbey & Ellis, New York City (Arthur Abbey and Judith L. Spanier of counsel), and Wechsler Harwood Halebian & Feffer, L. L. P., New York City (Daniella Quitt of counsel), for plaintiff. Paul Weiss Rifkind Wharton & Garrison, New York City (Mark A. Belnick and Alan Efron of counsel), for defendant directors. Cadwalader, Wickersham & Taft, New York City (Gary M. Rosen of counsel), for Harry L. Freedman, defendant. Jones Day Reavis & Pogue, New York City (William C. Rand of counsel), for William C. Rand.

STEPHEN G. CRANE, J.

This is a stockholders' derivative action brought in the right, and for the benefit, of the American Express Company (Amex). A hearing was held in this court on November 14, 1996, pursuant to Business Corporation Law § 626 (d) and (e) for judicial approval of (1) a proposed settlement of this consolidated action and (2) the application of plaintiffs' counsel for an award of attorneys...

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