281 A.D. 888 | N.Y. App. Div. | 1953
In a stockholder's derivative action, instituted by a stockholder of the defendant, Sanford Hotel Corp., that defendant appeals from an order dated July 2, 1952, granting the temporary receiver of the property of the appellant power and authority of a permanent receiver for the purpose of instituting actions against the defendants La Yin, officers and directors of appellant, and against two attorneys and any other persons who may have obtained or received any property of the appellant from the appellant as a result of ultra vires acts of its officers and directors; and permitting the temporary receiver to do other acts. Said defendant also appeals from an order granting its motion for reconsideration of the original decision and by which order the original determination was adhered to. Said defendant also appeals from so much of a resettled order as awarded commissions on the settlement of the temporary, receiver’s first intermediate account. Appeal from order dated July 2, 1952, dismissed, without costs. That order has been superseded by the order on reconsideration which by reference embraces all of its provisions. Order on reconsideration modified on the law and the facts by striking out the ordering paragraph and by adding: “ ORDERED that the motion for reconsideration is granted and on reconsideration the first, second and sixth ordering paragraphs of the order of July 2, 1952, shall stand, and the third, fourth and fifth ordering paragraphs thereof shall read: ORDERED that said Receiver be and he hereby is specifically empowered and authorized to continue or institute any actions or special proceedings, in his own name as such Receiver, either in the courts of the State of Hew York or the courts of the State of Connecticut, or the courts of the United States sitting in Connecticut, or to intervene in any action or actions heretofore instituted on his behalf or in the interest of the Sanford Hotel Corp., against the defendants Angy R. LaYin and Russell Craig LaYin upon the claims made by the plaintiff as minority stockholder of the Sanford Hotel Corp. in the complaint herein or by the Receiver in the complaint, in the United States court sitting in Connecticut, for assets wrongfully received or diverted from said Sanford Hotel Corp.; to intervene in the action brought by the plaintiff against Leo E. Sherman in the Supreme Court, Hew York County; and it is further ORDERED that said Receiver be and he hereby is authorized to institute any actions or special proceedings either in the courts of the State of Hew York or in the courts of the State of Connecticut, or in the United States court sitting in Connecticut, against Charles S. Michel on account of any sums received by the said Charles S. Michel from the Sanford Hotel Corp. for alleged services rendered by him, on behalf of the Sanford Hotel Corp., which said sums plaintiff claims were wrongfully diverted from the said corporation by him and by the acts and conduct of the officers and directors of said corporation, namely, Angy R. LaYin and Russell Craig LaYin; and it is further ORDERED that the said Receiver may retain the plaintiff’s attorneys herein and Arthur B. Weiss, Esq., of the Connecticut bar, in connection with the pending action in the United States District Court for the District of Connecticut, and this court does hereby ratify the retainer of said attorneys and may retain said Arthur B. Weiss, Esq., as an attorney in any other action or special proceeding in the State of Connecticut, which by the terms hereof the receiver is authorized to institute; and it is further ORDERED that the receiver maw