Piccard v. Sperry Corporation

Second Circuit

Piccard v. Sperry Corporation

152 F.2d 462

CourtCourt of Appeals for the Second Circuit

DecidedJanuary 10, 1946

Docket58

StatusPublished

Cited by2 cases

This text of 152 F.2d 462 (Piccard v. Sperry Corporation) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Piccard v. Sperry Corporation, 152 F.2d 462 (2d Cir. 1946).

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Opinion

PER CURIAM.

This is a derivative action by a stockholder of the Sperry Corporation to recover from certain of the corporation’s directors for breach of fiduciary duty and from other defendants who are alleged to have induced the breach and profited thereby. The case was tried to the court without a jury, and resulted in dismissal of the complaint on the ground that as to some defendants the action was barred by releases given by the corporation after a fair settlement, and as to others the action was not proved. In so far as the appeal raises questions of fact we think the findings of the trial judge are supported by the evidence; in so far as it involves questions of law we agree with his disposition of them. The judgment is affirmed on the opinion below, 48 F.Supp. 465.

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PER CURIAM.

This is a derivative action by a stockholder of the Sperry Corporation to recover from certain of the corporation’s directors for breach of fiduciary duty and from other defendants who are alleged to have induced the breach and profited thereby. The case was tried to the court without a jury, and resulted in dismissal of the complaint on the ground that as to some defendants the action was barred by releases given by the corporation after a fair settlement, and as to others the action was not proved. In so far as the appeal raises questions of fact we think the findings of the trial judge are supported by the evidence; in so far as it involves questions of law we agree with his disposition of them. The judgment is affirmed on the opinion below, 48 F.Supp. 465.

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Bluebook (online)

152 F.2d 462, Counsel Stack Legal Research, https://law.counselstack.com/opinion/piccard-v-sperry-corporation-ca2-1946.

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