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NEUWIRTH v. NAMM-LOESER'S, INC.

Civ. No. 18457.

161 F.Supp. 828 (1958)

Adelaide NEUWIRTH, Plaintiff, v. NAMM-LOESER'S, Inc., and Arebec Corporation, Defendants.

United States District Court E. D. New York.

May 16, 1958.

Attorney(s) appearing for the Case

Louis H. O. Fischman, New York City, for plaintiff.

Kramer, Marx, Greenlee & Backus, New York City, for defendant Namm-Loeser's Inc. John J. Hayes, New York City, of counsel.

ZAVATT, District Judge.

This is a stockholders' derivative action brought by a stockholder owning 50 shares (out of a total of 342,000 outstanding) of the defendant Namm-Loeser's Inc., having a market value of less than $50,000. The plaintiff, a citizen of New Jersey, brings this action against the two New York corporations alleging that the defendant Namm-Loeser's Inc. is a subsidiary of and subject to the domination and control of the defendant Arebec Corporation...

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