Legal Opinion
Champion Home Builders Co. v. Jeffress
District Court, E.D. Michigan
Decided November 26, 1974No. Civ. A. 32106PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
JOINER, District Judge.
The defendant, Etson B. Jeffress, has been held liable for short swing profits resulting from his sale of 25,000 (50,000 after a split) shares of stock in Champion Home Builders Company (“Champion”) on September 12, 1968. He acquired the shares from Champion on April 17, 1968 in exchange for all the shares of Concord Mobile Homes, Inc., (“Concord”) which he owned.' The Court of Appeals, in Champion Home Builders Co. v. Jeffress, 490 F.2d 611 (6th Cir. 1974), held Jeffress was an insider pursuant to Section 16(b) of the Securities Exchange Act…
2Cases cited15 opinions
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Blau v. Mission Corp.Court of Appeals for the Second Circuit · 1954
- Clement A. Evans & Co., Inc. v. William J. McAlpine Jr.Court of Appeals for the Fifth Circuit · 1970
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3Cited by5 opinions
- Whittaker v. Whittaker Corp.Court of Appeals for the Ninth Circuit · 1981
- Steel Partners Ii, L.P., Plaintiff-Counter-Defendant-Appellant v. Bell Industries, Inc., Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2002
- Fed. Sec. L. Rep. P 91,849 John R. Riseman v. Orion Research, Inc.Court of Appeals for the First Circuit · 1984
- Steel Partners Ii, L.P., Plaintiff-Counter-Defendant-Appellant v. Bell Industries, Inc., Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2002
- William R. Whittaker, on Behalf of Himself, and of the Estate of Beulah Whittaker v. Whittaker Corporation, a California Corporation, William R. Whittaker, on Behalf of Himself, and of the Estate of Beulah Whittaker v. Whittaker Corporation, a California CorporationCourt of Appeals for the Ninth Circuit · 1981