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BAUER v. SERVEL, INC.

168 F.Supp. 478 (1958)

Hugo BAUER, on behalf of himself and all other stockholders of Servel, Inc., Plaintiff, v. SERVEL, Inc., Isaac M. Laddon, J. Patrick Lannon, Hunter S. Marston, Duncan S. Menzies, H. Irving Pratt, Willard F. Rockwell, Jr., Louis Ruthenburg, A. Lightfoot Walker, Robert E. Walker and John Wall, Defendants.

United States District Court S. D. New York.

April 29, 1958.

Attorney(s) appearing for the Case

Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff and applicants for intervention, Benedict Wolf, New York City, of counsel.

Brown, Wood, Fuller, Caldwell & Ivey, New York City, for defendant Servel, Inc., Alfred H. Phillips and James B. May, New York City, of counsel.

PALMIERI, District Judge.

This is a stockholder's derivative action seeking damages, an accounting, injunctive and other relief. The suit stems from employment and stock option contracts between the corporate defendant and certain of its officers.

Two persons who presently own stock in the defendant corporation have filed motions for leave to intervene in the pending suit. The proposed amended complaint, which the putative intervenors seek to file, alleges...

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