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GUSSIE GOLDSAMT v. GEORGIA-PACIFIC CORPORATION (04/23/68)

SUPREME COURT OF NEW YORK, APPELLATE DIVISION, FIRST DEPARTMENT


April 23, 1968

GUSSIE GOLDSAMT, RESPONDENT,
v.
GEORGIA-PACIFIC CORPORATION, APPELLANT, ET AL., DEFENDANTS. ANN NEMSER ET AL., AS STOCKHOLDERS OF GEORGIA-PACIFIC CORPORATION, IN BEHALF OF THEMSELVES AND ALL OTHER STOCKHOLDERS OF GEORGIA-PACIFIC CORPORATION, AND IN BEHALF OF AND IN THE RIGHT OF GEORGIA-PACIFIC CORPORATION, RESPONDENTS, V. GEORGIA-PACIFIC CORPORATION, APPELLANT, ET AL., DEFENDANTS

Concur -- Botein, P. J., Stevens, Steuer, Tilzer and McNally, JJ.

Order and judgment entered January 5, 1968, in each appeal, insofar as the same grants plaintiff's cross motion for orders appointing a Special Referee to hear and determine whether plaintiff's attorneys were entitled to fees, unanimously reversed, on the facts and the law, with $30 costs and disbursements to appellant and cross motions denied. The actions are two of four stockholders' derivative actions, the other two being in the Federal courts. One of the actions was tried in the United States District Court and resulted in a judgment for defendants. The other three, including the two instant actions, were dismissed for lack of prosecution. No applications were made for fees in the other actions. The latter Federal court action was dismissed over four years ago. If any fees were allowable, they could and should have been applied for in that court (Montro Corp. v. Bishop, 6 A.D.2d 787). Moreover, no beneficial result to the corporation from the bringing of the action was shown.

19680423

© 1998 VersusLaw Inc.



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