Holub v. Jacobwitz
This text of 197 A. 425 (Holub v. Jacobwitz) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The opinion of the court was delivered by
The bill was filed by stockholders against the corporation defendant and its president and secretary-treasurer. The appeal is from an order refusing to strike out the bill.
We agree with the conclusion reached in the court below that the allegation's contained in the bill were sufficient to justify invoking the jurisdiction of the court of chancery, and that any attempt to obtain action by the officers defendants or the board of directors would have been futile.
The order is affirmed.
For affirmance — The Chiee-Justice, Parker, Lloyd, Case, Bodine, Donges, Heher, Perskie, Wells, Woles-Keil, Eaeeerty, JJ. 11.
For reversal — None.
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Cite This Page — Counsel Stack
197 A. 425, 123 N.J. Eq. 162, 1938 N.J. LEXIS 635, Counsel Stack Legal Research, https://law.counselstack.com/opinion/holub-v-jacobwitz-njsuperctappdiv-1938.