Sweeney v. Moore

251 A.D. 743, 297 N.Y.S. 790, 1937 N.Y. App. Div. LEXIS 7343

• Court: Appellate Division of the Supreme Court of the State of New York
• Decided: May 21, 1937
• Status: Published

Opinion

In a stockholders’ action charging that the appealing defendants, as directors, voted for and paid to themselves excessive and unreasonable salaries, and seeking to recover, for the benefit of the corporation, the excessive amounts so paid, judgment for plaintiff unanimously affirmed, with costs. Conclusions of law numbered 1 and 3 in the defendants’ requests to find are struck out as inconsistent. The appealing defendants failed to establish alleged ratification by the plaintiff, with full knowledge of the facts and of her legal rights. (Adair v. Brimmer, 74 N. Y. 539, 554.) Present —■ Hagarty, Davis, Adel, Taylor and Close, JJ.