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BRESWICK & CO. v. BRIGGS

138 F.Supp. 747 (1956)

BRESWICK & CO. and Myron Neisloss, as stockholders of Alleghany Corporation and on behalf of themselves and all other stockholders similarly situated, Plaintiffs, v. O. Henry BRIGGS et al., Defendants.

United States District Court S. D. New York.

February 27, 1956.

Attorney(s) appearing for the Case

Rosston, Hort & Brussel, New York City, for plaintiffs and Clarence W. Bailey, proposed intervenor. George Brussel, Jr., and Eugene G. King, New York City, of counsel.

Lord, Day & Lord, New York City, for defendants Briggs, Deegan, Foskett, Guild, Kirby, Neff, Young and Alleghany Corp., Thomas F. Daly and Saul L. Sherman, New York City, of counsel.

Satterlee, Warfield & Stephens, New York City, for defendants Clint W. Murchison, Sid W. Richardson, John D. Murchison, Clint W. Murchison, Jr., and Murchison Brothers, F. W. H. Adams, New York City, of counsel.

BICKS, District Judge.

This is a stockholders' derivative action against members of the Board of Directors of the Alleghany Corporation and certain other individuals. It is one of several similar suits in this Court and in the New York State Supreme Court arising principally out of the activities of the individual defendants in their successful campaign for control of the New York Central Railroad in 1954.

Clarence W. Bailey, a holder of record of 30,000 shares...

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