Case Name: Edward B. Parker and Another, Copartners, Doing Business as Parker & Schwartz, Appellants, v. President and Directors of the Manhattan Company and President and Directors of the Manhattan Company, as Trustee, Also Known as Bank of the Manhattan Company, and Others, Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1935-11
Citations: 246 A.D. 611
Docket Number: 
Parties: Edward B. Parker and Another, Copartners, Doing Business as Parker & Schwartz, Appellants, v. President and Directors of the Manhattan Company and President and Directors of the Manhattan Company, as Trustee, Also Known as Bank of the Manhattan Company, and Others, Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 246
Pages: 611–611

Head Matter:
Edward B. Parker and Another, Copartners, Doing Business as Parker & Schwartz, Appellants, v. President and Directors of the Manhattan Company and President and Directors of the Manhattan Company, as Trustee, Also Known as Bank of the Manhattan Company, and Others, Respondents.

Opinion:
Derivative action by plaintiffs as minority bondholders under a fourth mortgage against the trustee named in the trust indenture, for claimed breach of duty resulting in damage to said minority bondholders and others similarly situated. Judgment dismissing the complaint on the merits unanimously affirmed, with costs. No opinion. Present — Young, Hagarty, Carswell, Davis and Johnston, JJ. [See post, p. 627.]