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Ripley v. International Railways of Central America

11 N.Y.2d 1059 Court N.Y. Decision date 1962-06-12 English

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p. 1059
Charles B. Ripley et al., Individually and as Stockholders of International Railways of Central America, Suing on Behalf of Themselves and for All Other Stockholders Similarly Situated, Plaintiffs and Plaintiffs-Intervenors, v. International Railways of Central America, Respondent, et al., Defendants. T. Roland Berner et al., Appellants, v. International Railways of Central America, Respondent, et al., Defendant.
Submitted June 11, 1962;
decided June 12, 1962.
p. 1060
Harry Bijur, Alexander Kahan and M. Victor Leventritt for motion.
Abraham K. Weber opposed.

Motions granted to the extent that respondent International Railways of Central America be stayed, pending the hearing and determination of the appeal herein, from withdrawing any sum from the special account which would reduce the balance therein to less than $5,000,000. Case set down for argument during the September, 1962 session of this court.