Case Name: Sadie K. Breakstone et al., Appellants, v. Continental Bank & Trust Company of New York et al., Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1948-04-21
Citations: 273 A.D. 960
Docket Number: 
Parties: Sadie K. Breakstone et al., Appellants, v. Continental Bank & Trust Company of New York et al., Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 273
Pages: 960–960

Head Matter:
(April 21, 1948.)
Sadie K. Breakstone et al., Appellants, v. Continental Bank & Trust Company of New York et al., Respondents.

Opinion:
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.