Epstein v. Solitron Devices, Inc., 388 F.2d 310 (2d Cir. 1968)
388 F.2d 310
US-DOC-21111232
locator
Case details
Bluebook Citation
Epstein v. Solitron Devices, Inc., 388 F.2d 310 (2d Cir. 1968)
Full caption
Nathan EPSTEIN, under a Power of Trust for the benefit of Allen Lee Epstein, Plaintiff-Appellee, v. SOLITRON DEVICES, INC., Defendant-Appellant, and William Kearns et al., Defendants.
Country
United States
Jurisdiction
Federal
Court
2d Cir.
Decided
Jan. 11, 1968
Disposition
Affirmed
No. 263, Docket 31119.
Argued Jan. 11, 1968.
Decided Jan. 11, 1968.
Jerome J. Londin, New York City (Carro, Spanboek & Londin, Holtzmann, Wise & Shepard, New York City, on the brief), for defendant-appellant.
Stanley L. Kaufman, New York City (Kaufman, Taylor, Kimmel & Miller, Shephard S. Miller, New York City, on the brief), for plaintiff-appellee.
Before LUMBARD, Chief Judge, and SMITH and HAYS, Circuit Judges.
PER CURIAM:
We affirm in open court the order of the Southern District denying a motion by Order to Show Cause by Solitron Devices, Inc., for an order directing plaintiff in a stockholder derivative action alleging violation of the Securities Exchange Act of 1934 to post security for expenses pursuant to Section 627 of the New York Business Corporation Law, McKinneys’s Consol.Laws, c. 4, for the reasons stated in Judge Bonsai’s opinion. Weitzen v. Kearns, 262 F.Supp. 931 (S.D.N.Y.1966).