Legal Opinion
Nicholas Ferraiolo v. F. R. Newman
Court of Appeals for the Sixth Circuit
Decided September 24, 1958No. 13345_1PublishedCited by 55 opinions
1Opinion of the Court
STEWART, Circuit Judge.
This appeal involves the applicability of Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p (b). That section provides that any profit realized by a corporate director re-suiting from his purchase and sale of the corporation’s stock within less than six months shall inure to the corporation. 1
In 1948 the appellee, Newman, ae-quired 43,720 shares of the convertible preferred stock of Ashland Oil and Refining Co. (Ashland) as a result of a merger. At that time Newman became a director of Ashland. More than three years later, on November 23, 1951, he…
2Cases cited11 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Gratz v. ClaughtonCourt of Appeals for the Second Circuit · 1951
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Blau v. Mission Corp.Court of Appeals for the Second Circuit · 1954
- Shaw v. DreyfusCourt of Appeals for the Second Circuit · 1949
6 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
- Fed. Sec. L. Rep. P 94,924 American Standard, Inc. v. Crane Co., and Third-Party v. Edward J. Hanley, Third-PartyCourt of Appeals for the Second Circuit · 1975
- Judith S. Feder v. Martin Marietta Corporation and Sperry Rand CorporationCourt of Appeals for the Second Circuit · 1969
- Blau v. LambCourt of Appeals for the Second Circuit · 1966
50 more not listed; retrieve them via the Exa API.