Case ID: ad_273/html/0960-09.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

(April 21, 1948.)
    Sadie K. Breakstone et al., Appellants, v. Continental Bank & Trust Company of New York et al., Respondents.
   Whatever may be said of the attitude of one or two of the directors in the negotiations, we cannot say that the directors as a whole were not warranted in approving the offer of Chemical Bank & Trust Company. It was for the stockholders to decide the fate of their company. This they have done with knowledge of the competing offers. Order appealed from unanimously affirmed, with $20 costs and disbursements. Present — Peck, P. J., Glennon, Cohn, Callahan and Shientag, JJ.