Opinion

Nash v. Hall Signal Co.

  • 97 N.Y. Sup. Ct. 354
  • 70 N.Y. St. Rep. 655
  • 90 Hun 354
Court
New York Supreme Court
Filed
Nov 15, 1895
Status
Published
Author
Follett
On the bench
Brien, Brunt, Follett, Lawrence
Cited by
6 cases
Authority
More cited than 73.3%

The opinion

Follett, J.:

In case A and «B, directors in a corporation, waste its funds during one year, and B and 0, directors, by some act not connected with the first devastavit, waste its funds in another year, the three cannot be joined in an equitable action brought by or in behalf of the corporation to compel them to account for and pay the damages sustained by these independent, wrongful acts. Wasting the property of a corporation by its directors is a tort. A is not liable for the acts of B and 0, and C is not liable for the acts of A and B, and these independent, tortious acts constitute distinct causes of action which cannot be united in one complaint. .

The interlocutory judgment should be affirmed, with costs, on the opinion of Lawrence, J., at Special Term.

Yan Brunt, P. J., concurred.

Judgment affirmed, with costs.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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