Case Name: Ethel C. Gearing et al., Individually and as Stockholders of Radium Chemical Company, Inc., Respondents, v. Joseph A. Kelly et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1961-12-19
Citations: 15 A.D.2d 477
Docket Number: 
Parties: Ethel C. Gearing et al., Individually and as Stockholders of Radium Chemical Company, Inc., Respondents, v. Joseph A. Kelly et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 15
Pages: 477–477

Head Matter:
Ethel C. Gearing et al., Individually and as Stockholders of Radium Chemical Company, Inc., Respondents, v. Joseph A. Kelly et al., Appellants.

Opinion:
In a stockholder's derivative action a plaintiff must show both special circumstances and factual evidence to support his allegations (Brush v. Brittain, 10 A D 2d 574). No special circumstances are shown. While the physical condition of Kelly, Sr., might warrant perpetuation of his testimony, it also prevents him from being examined. Thus it cannot constitute a special circumstance. In all but one of the items allowed the allegations are unsupported by any factual evidence. Concur—Rabin, J. P., McNally, Stevens and Steuer, J J.;