Case Name: James N. Cleary and Fannie Lurie, Suing on Behalf of Themselves and All Other Stockholders of Fox Film Corporation, Similarly Situated, and in the Right of Fox Film Corporation, Plaintiffs-Appellants, and Gustav Oppenheimer, Intervening Plaintiff, v. Charles W. Higley and Others, Defendants-Respondents, Impleaded with Winfield R. Sheehan and Others, Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1935-12
Citations: 246 A.D. 698
Docket Number: 
Parties: James N. Cleary and Fannie Lurie, Suing on Behalf of Themselves and All Other Stockholders of Fox Film Corporation, Similarly Situated, and in the Right of Fox Film Corporation, Plaintiffs-Appellants, and Gustav Oppenheimer, Intervening Plaintiff, v. Charles W. Higley and Others, Defendants-Respondents, Impleaded with Winfield R. Sheehan and Others, Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 246
Pages: 698–698

Head Matter:
James N. Cleary and Fannie Lurie, Suing on Behalf of Themselves and All Other Stockholders of Fox Film Corporation, Similarly Situated, and in the Right of Fox Film Corporation, Plaintiffs-Appellants, and Gustav Oppenheimer, Intervening Plaintiff, v. Charles W. Higley and Others, Defendants-Respondents, Impleaded with Winfield R. Sheehan and Others, Defendants.

Opinion:
Derivative stockholders' action brought for the benefit of Fox Film Corporation. Plaintiffs seek to recover from defendants all the profits made by the syndicate in the 240,000 shares of stock, totaling the sum of approximately $4,000,000, and the damage which they claim Fox Film Corporation suffered as a result of the issuance by it on April 17, 1930, of 1,600,000 shares of its class A stock. Judgment dismissing the complaint at the close of plaintiffs' case, without prejudice, unanimously affirmed, with costs. No opinion. Present — Martin, P. J., McAvoy, O'Malley, Townley and Glennon, JJ.