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COCHRAN v. CHANNING CORPORATION

211 F.Supp. 239 (1962)

W. Kent COCHRAN, on behalf of himself and other stockholders of Agricultural Insurance Company, Plaintiff, v. CHANNING CORPORATION, Kenneth S. Van Strum, George Carleton, Jr. and John K. Colgate, Defendants.

United States District Court S. D. New York.

November 15, 1962.

Attorney(s) appearing for the Case

Guggenheimer & Untermyer, New York City, for plaintiff. Alfred Berman, New York City, of counsel.

Milbank, Tweed, Hope & Hadley, New York City, for defendants. William E. Jackson, New York City, of counsel.

DAWSON, District Judge.

This is a motion by defendant Channing Corporation (Channing) and three of its directors named as individual defendants to dismiss the complaint for failure to state a claim upon which relief can be granted. Rule 12(b) (6) of the Federal Rules of Civil Procedure.

Plaintiff Cochran, suing on his behalf and on behalf of other stockholders of Agricultural Insurance Company (Agricultural), alleges two causes of action. The first is based...

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