Case Name: Albert Holub et al., complainants-respondents, v. David Jacobwitz et al., defendants-appellants
Court: New Jersey Court of Errors and Appeals
Jurisdiction: New Jersey
Decision Date: 1938-01-26
Citations: 123 N.J. Eq. 162
Docket Number: 
Parties: Albert Holub et al., complainants-respondents, v. David Jacobwitz et al., defendants-appellants.
Judges: 
Reporter: New Jersey Equity Reports
Volume: 123
Pages: 162–162

Head Matter:
Albert Holub et al., complainants-respondents, v. David Jacobwitz et al., defendants-appellants.
[Argued October 28th, 1937.
Decided January 26th, 1938.]
Messrs. Ranter & Ranter, for the appellants.
Mr. David Boblcer, Mr. Charles M. Grosman and Mr. John J. Manley, for the respondents.

Opinion:
The opinion of the court was delivered by
Lloyd, J.
The bill was filed by stockholders against the corporation defendant and its president and secretary-treasurer. The appeal is from an order refusing to strike out the bill.
We agree with the conclusion reached in the court below that the allegation's contained in the bill were sufficient to justify invoking the jurisdiction of the court of chancery, and that any attempt to obtain action by the officers defendants or the board of directors would have been futile.
The order is affirmed.
For affirmance — The Chiee-Justice, Parker, Lloyd, Case, Bodine, Donges, Heher, Perskie, Wells, Woles-Keil, Eaeeerty, JJ. 11.
For reversal — None.