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BRESWICK & CO. v. BRIGGS

136 F.Supp. 301 (1955)

BRESWICK & CO. et al., Plaintiffs, v. O. Henry BRIGGS et al., Defendants.

United States District Court S. D. New York.

November 26, 1955.

Attorney(s) appearing for the Case

Rosston, Hort & Brussel, New York City, for plaintiffs.

Lord, Day & Lord, New York City, for O. Henry Briggs, Thomas J. Deegan, Jr., Walter W. Foskett, Henry J. Guild, Allan P. Kirby, Herman R. Neff, Robert R. Young and Alleghany Corp.

Satterlee, Warfield & Stephens, New York City, for Clint W. Murchison, Sid W. Richardson, John D. Murchison, Sid W. Murchison, Jr. and Murchison Bros.

McGOHEY, District Judge.

The defendants in this stockholders' derivative action move to require security in the sum of $160,000 for costs pursuant to 61-b of New York's General Corporation Law, McKinney's Consol. Laws, c. 23, and, until that sum or a bond is posted, to stay all proceedings, particularly the examination of the defendants Young, Kirby and Alleghany Corporation. These examinations were originally noticed to commence in May, 1955. They were stayed, however...

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