Case Name: In the Matter of the Application of Arthur E. Lloyd, Jr., Respondent, for an Order against H. T. E. Beardsley, Inc., Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1940-01-26
Citations: 258 A.D. 954
Docket Number: 
Parties: In the Matter of the Application of Arthur E. Lloyd, Jr., Respondent, for an Order against H. T. E. Beardsley, Inc., Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 258
Pages: 954–955

Head Matter:
In the Matter of the Application of Arthur E. Lloyd, Jr., Respondent, for an Order against H. T. E. Beardsley, Inc., Appellant.

Opinion:
The petitioner previously instituted a derivative stockholder's action in which he moved for discovery of the corporate books and was granted such examination, which was limited in, scope because of his alleged position as a competitor in business of the company. Under the circumstances, an order in the nature of mandamus for a further inspection of the books by petitioner as a stockholder was improperly granted. Order unanimously reversed, with twenty dollars costs and disbursements, and motion denied. Settle order on notice. Present — Martin, P. J., O'Malley, Townley, Cohn and Callahan, JJ.