(Download) "Herbert J. Schmidt v. Magnetic Head Corporation Et Al." by Supreme Court of New York * Book PDF Kindle ePub Free
eBook details
- Title: Herbert J. Schmidt v. Magnetic Head Corporation Et Al.
- Author : Supreme Court of New York
- Release Date : January 14, 1983
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 87 KB
Description
These appeals involve the interpretation and construction of a corporate shareholders agreement. Our primary concern is with the question of whether plaintiffs are entitled to designate a successor director in the place of their prior designee who has resigned. We are also called upon to determine whether the defendant directors are entitled to indemnification for legal expenses incurred in defending this action and whether the attorneys representing those directors should be disqualified on the basis of an alleged conflict of interest. As we shall explain, the plaintiffs have no right to designate a successor under the unambiguous terms of the agreement, the defendants may be indemnified, and disqualification is inappropriate. In addition, we reject the appealing defendants challenge to the causes of action seeking reformation, rescission and return of moneys paid for indemnification.
 "Herbert J. Schmidt v. Magnetic Head Corporation Et Al." by Supreme Court of New York * Book PDF Kindle ePub Free){kind=link}