Case ID: ny_245/html/0618-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John G. Cavanagh, Suing on Behalf of Himself and Other Stockholders of Robinson Amusement Company, Appellant, v. John Walters et al., Respondents.
    (Argued June 6, 1927;
    decided June 21, 1927.)
    
      Corporations — directors — stockholders’ action to have annulled resolutions of directors increasing salaries of officers.
    
    
      Cavanagh v. Walters, 218 App. Div. 787, affirmed.
    Appeal, by permission, from a judgment of the Appellate Division of the Supreme Court, in the second judicial department, entered December 2, 1926, unanimously affirming a judgment in favor of defendants entered upon a decision of the court on trial at Special Term in an action to have adjudged null and void certain resolutions of the board of directors of the Robinson Amusement Company increasing the salaries of officers of that company and requiring them to repay into its treasury moneys received pursuant to said resolutions.
    
      Vincent P. Donihee for appellant.
    
      John J. Curtin and Wesley S. Sawyer for respondents.
   Judgment affirmed, with costs; no opinion.

Concur: Cardozo, Ch. J., Pound, Crane, Andrews, Lehman, Kellogg and O’Brien, JJ.