The defendants challenge the sufficiency of plaintiffs' complaint in a stockholders' derivative action which seeks judgment to compel the distribution by the Long Island Bond and Mortgage Guarantee Company of about $500,000 of accumulated surplus and undivided profits.
Assuming, as we must upon a motion of this character, the truth of the ultimate allegations of fact pleaded in the complaint...
Let's get started
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.