New York Court of Appeals March 2, 1950 (Baker v. MacFadden Publications, Inc.)

Loughran, Ch. J.

In the above-entitled action of

Baker

v.

Boord,

stockholders of Macfadden Publications, Inc., a domestic corporation, assert derivatively a cause of action on its behalf for claimed misapplication of its funds and waste of its property by past directors and officers and other defendants. Judgment for an accounting and for damages is demanded.