Case Name: Ruth L. Sterling et al., Individually and on Behalf of All Other Holders of Preferred and Common Stock of 16 Park Avenue, Inc., Similarly Situated, Respondents, v. 16 Park Avenue, Inc., Appellant, et al., Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1954-12-07
Citations: 284 A.D. 1033
Docket Number: 
Parties: Ruth L. Sterling et al., Individually and on Behalf of All Other Holders of Preferred and Common Stock of 16 Park Avenue, Inc., Similarly Situated, Respondents, v. 16 Park Avenue, Inc., Appellant, et al., Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 284
Pages: 1033–1033

Head Matter:
Ruth L. Sterling et al., Individually and on Behalf of All Other Holders of Preferred and Common Stock of 16 Park Avenue, Inc., Similarly Situated, Respondents, v. 16 Park Avenue, Inc., Appellant, et al., Defendants.

Opinion:
Judgment unanimously modified so as to eliminate the second decretal paragraph imposing a perpetual injunction. The declaratory judgment that the preferred stockholders had voting rights destroys appellant's right to resubmit the proposal without affording preferred stockholders the right to vote, and the injunction might prove unnecessarily burdensome in unforeseen circumstances. As so modified, the judgment is affirmed. Settle order on notice. Present — Peck, P. J., Dore, Cohn, Breitel and Bastow, JJ.