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STEINBERG v. ADAMS

90 F.Supp. 604 (1950)

STEINBERG v. ADAMS et al. (POSNER, Intervenor). NEUWIRTH v. ADAMS et al.

United States District Court S. D. New York.

May 20, 1950.

Attorney(s) appearing for the Case

Israel Beckhardt, New York City, for plaintiff and plaintiff-intervenor.

Charles Korn, New York City, for Thompson-Starrett Co., Inc.

Berlack & Israels, New York City (Charles Korn, Carlos L. Israels, Henry D. Shereff, all of New York City, of counsel), for individual defendants.

Leve, Hecht, Hadfield & McAlpin, New York City (C. Lansing Hays, Jr., New York City, of counsel), for defendant William N. Flook.

RIFKIND, District Judge.

Nine motions have been filed and argued in the two companion actions. I shall consider them in the order best calculated to simplify disposition.

I. Cross-Motions for Summary Judgment in the Steinberg Action.

The Steinberg action is a stockholder's derivative action for the benefit of Thompson-Starrett Company, Inc. From the amended complaint it appears that the core of the controversy is the propriety of payments...

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