Carr

Carr v. Beverly Hills Corp.

Good Law
237 F.2d 323
United States Court of Appeals for the Ninth CircuitMay 23, 1956No. 14349California896 words

Opinion

Lead Opinion

Fee, J.

Appellant Carr, who was plaintiff in the District Court, owned 400, or 1.6% of the 24,521 outstanding shares of stock of Beverly Hills Corporation. This is a stockholders derivative action in which the corporation, four former members of its Board of Directors and two present officers thereof, one of whom is presently, and at the time complained of was, a member of the Board thereof, were joined as defendants. The complaint alleged that the individual defendants negligently and fraudulently managed the affairs of Beverly Hills during the period 1951-1952. Judgment is prayed against the individuals in favor of Beverly Hills for damages, accounting and attorney fees for plaintiff.

Defendants moved to dismiss the complaint on the ground of lack of jurisdiction and for failure to state a claim upon which relief can be granted. The facts relative to these issues were presented by affidavits and counter-affidavits by the consent of the parties. Defendants sought to have the case determined in the manner of summary judgment, on the ground that there were no genuine issues of fact, but the court refused.

Here the trial court, upon a hearing in which all parties joined and upon…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.