(Download) "Burg v. Horn" by United States Court of Appeals for the Second Circuit * Book PDF Kindle ePub Free
eBook details
- Title: Burg v. Horn
- Author : United States Court of Appeals for the Second Circuit
- Release Date : January 18, 1967
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 55 KB
Description
This appeal in a diversity action by the plaintiff, Lillian Burg, a citizen of California and a one-third stockholder of Darand Realty Corp., a New York corporation which owns and operates low-rent rooming and apartment buildings in Brooklyn, from a judgment of Judge Dooling in the Eastern District dismissing her derivative complaint insofar as it alleged that nine similar buildings in Brooklyn acquired by the defendants George and Max Horn, citizens of New York and holders of the remaining stock of Darand, were corporate opportunities belonging to Darand, requires us to consider the scope of the duty imposed by New York law on directors and majority stockholders not to appropriate for themselves opportunities which would be advantageous to their corporation. We hold that Judge Dooling correctly concluded that, under New York law, the properties acquired by defendants were not corporate opportunities of Darand, and we affirm the judgment below.
 "Burg v. Horn" by United States Court of Appeals for the Second Circuit * Book PDF Kindle ePub Free){kind=link}