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Leighton v. One William Street Fund Inc.

decided: December 6, 1968.

WILLIAM LEIGHTON, A STOCKHOLDER OF THE ONE WILLIAM STREET FUND, INC. FOR HIMSELF AND ALL STOCKHOLDERS OF THE ONE WILLIAM STREET FUND, INC. SIMILARLY SITUATED AND FOR AND ON BEHALF OF THE ONE WILLIAM STREET FUND, INC., PLAINTIFF-APPELLANT,
v.
THE ONE WILLIAM STREET FUND, INC., LEHMAN BROTHERS, A PARTNERSHIP, SIMPSON THACHER & BARTLETT, A PARTNERSHIP, AND ALLAN B. HUNTER, PAUL E. MANHEIM, PAUL M. MAZUR, FRANCIS C. REED, ET AL., DEFENDANTS-APPELLEES



Lumbard, Chief Judge, Friendly, Circuit Judge, and Ryan, District Judge.*fn*

Author: Per Curiam

The plaintiff in this stockholder's derivative action in the District Court for the Southern District of New York appeals from an order of Judge Tyler disposing of various motions. In one portion of the order the judge denied plaintiff's application -- in fact his third, see 343 F.2d 565 (2 Cir. 1965) for the first -- for a preliminary injunction and the appointment of a receiver. We affirm this as well within the discretion of the district court. In other portions of the order the judge struck an "Amended Partial Complaint" as not complying "with either the letter or the spirit" of the leave given nearly three years before, and denied leave to serve and file a proposed ...


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