Western Auto Supply Company and Beneficial Finance Co. v. Gamble-Skogmo, Inc.

MEHAFFY, Circuit Judge.

This appeal is from a judgment of the United States District Court of Minnesota denying claims for recovery of alleged “short swing” profits from transactions in the common stock of Western Auto Supply Company of Missouri under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b) and § 78aa.

Plaintiffs-appellants, Western Auto Supply Company and Beneficial Finance Co., both Delaware corporations, are hereafter referred to respectively as Western Delaware and Beneficial. Defendant-appellee, Gamble-Skogmo, Inc., a Delaware corporation, is hereafter referred…