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Epstein v. Solitron Devices Inc.

January 11, 1968

NATHAN EPSTEIN, UNDER A POWER OF TRUST FOR THE BENEFIT OF ALLEN LEE EPSTEIN, PLAINTIFF-APPELLEE,
v.
SOLITRON DEVICES, INC., DEFENDANT-APPELLANT, AND WILLIAM KEARNS ET AL., DEFENDANTS.



Before LUMBARD, Chief Judge, and SMITH and HAYS, Circuit Judges.

Per Curiam:

We affirm in open court the order of the Southern District denying a motion by Order to Show Cause by Solitron Devices, Inc., for an order directing plaintiff in a stockholder derivative action alleging violation of the Securities Exchange Act of 1934 to post security for expenses pursuant to Section 627 of the New York Business Corporation Law, McKinneys's Consol.Laws, c. 4, for the reasons stated in Judge Bonsal's opinion. Weitzen v. Kearns, 262 F. Supp. 931 (S.D.N.Y.1966).

19680111

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