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KAMINSKY v. ABRAMS

No. 66 Civ. 221.

281 F.Supp. 501 (1968)

Simon KAMINSKY, Plaintiff, v. Benjamin ABRAMS, Max Abrams, Stanley L. Abrams, Joseph T. Dineen, Dorman D. Israel, Simon H. Rifkind, Percy West, Mary Abrams, C. Russell Feldmann, Joseph V. McKee, Jr., Ralph J. Guda, Arthur H. Dean, Fred Abrams, Abraham A. Vogel, Martin Richmond, Joseph Kattan and Emerson Radio and Phonograph Corporation, Defendants.

United States District Court S. D. New York.

February 21, 1968.

Attorney(s) appearing for the Case

Abraham I. Markowitz, New York City, for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants Stanley L. Abrams, Joseph T. Dineen and Mary Abrams; Paul J. Newlon, New York City, and Doris Carroll, of counsel.

MANSFIELD, District Judge.

In this derivative action, plaintiff, an Emerson Radio and Phonograph Corporation (Emerson) stockholder, asserts that Emerson has been defrauded in contravention of various provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and seeks recovery against members of the Board of Directors and Mrs. Mary Abrams, the widow of Louis Abrams (Abrams), a founder, director, officer and active executive of Emerson, and a...

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