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SELHEIMER v. MANGANESE CORP. of A.

416 Pa. 274 (1965)

Selheimer v. Manganese Corporation of America, Appellant.

Supreme Court of Pennsylvania.

January 5, 1965.

Attorney(s) appearing for the Case

B. Jerome Shane, for appellant.

Alexander Conn, for appellees.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE EAGEN, January 5, 1965:

This is an appeal from the order of the court below dismissing a petition for the entry of security on behalf of the corporate defendant, Manganese Corporation of America (Manganese), under the provisions of the Act of April 18, 1945, P.L. 253, No. 114, § 2, as amended, 12 P.S. § 1322, in an action characterized as a stockholders' derivative action. The sole reason offered by the court below in dismissing the...

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