Lindsey v. Normet, 405 U.S. 56 (1972)
- Citation
- Lindsey v. Normet, 405 U.S. 56 (1972)
- Parent Document
- Lindsey v. Normet, 405 U.S. 56 (1972)
- Jurisdiction
- United States (federal)
- Effective Date
- 1972-02-23
- Original Source
- https://www.courtlistener.com/opinion/108466/lindsey-v-normet/ ↗
Other Sections in This Document (263)
- Lindsey v. Normet, 405 U.S. 56 (1972)
- Lindsey v. Normet, 405 U.S. 56 (1972)
- Lindsey v. Normet, 405 U.S. 56 (1972)
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Full Text
725 chars[26] Cohen v. Beneficial Loan Corp., 337 U. S. 541 (1949), is distinguishable from the instant case. There, the Court upheld a state law that required a shareholder who wished to file a shareholder's derivative suit but who owned less than 5% of the corporation's stock or whose stock was worth less than $50,000 to file as a precondition to bringing the suit a bond for the reasonable expenses, including attorney's fees, that might be incurred by defendants. The security requirement there applied to a plaintiff and its purpose was to protect the corporation from being injured by "strike suits" that harmed the very interests that plaintiffs claimed to be protecting. [1] Ore. Rev. Stat. § 19.040 (1). [2] Id., § 105.160.