Case ID: ad_258/html/0954-10.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In the Matter of the Application of Arthur E. Lloyd, Jr., Respondent, for an Order against H. T. E. Beardsley, Inc., Appellant.
   The petitioner previously instituted a derivative stockholder’s action in which he moved for discovery of the corporate books and was granted such examination, which was limited in, scope because of his alleged position as a competitor in business of the company. Under the circumstances, an order in the nature of mandamus for a further inspection of the books by petitioner as a stockholder was improperly granted. Order unanimously reversed, with twenty dollars costs and disbursements, and motion denied. Settle order on notice. Present — Martin, P. J., O’Malley, Townley, Cohn and Callahan, JJ.