Legal Opinion
Fed. Sec. L. Rep. P 94,922 H. Perine v. William Norton & Company, Inc., William Norton & Company, Inc., Defendant-Respondent
Court of Appeals for the Second Circuit
Decided December 20, 1974No. 128, Docket 74-1573PublishedCited by 12 opinions
1Opinion of the Court
MANSFIELD, Circuit Judge:
Invoking § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) 1 commonly known as the “short swing profits” provision, H. Perine, a stockholder of Designcraft Jewel Industries, Inc. (“Designcraft”), brought this stockholder’s derivative action against William Norton & Company, Inc. (“Norton”), a broker-dealer in securities, to recover the profits earned by it in its underwriting of the distribution within six months of 250,000 shares of Designcraft’s common' stock, which represented more than 10% of the latter’s issued and outstanding common shares.…
2Cases cited11 opinions
- Griggs v. Duke Power Co.Supreme Court of the United States · 1971
- Udall v. TallmanSupreme Court of the United States · 1965
- Bowles v. Seminole Rock & Sand Co.Supreme Court of the United States · 1945
- Peter Pan Fabrics, Inc. And Henry Glass & Co. v. Martin Weiner Corp.Court of Appeals for the Second Circuit · 1960
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
6 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Foremost-McKeeson, Inc. v. Provident Securities Co.Supreme Court of the United States · 1976
- Feld v. BergerDistrict Court, S.D. New York · 1976
- Jicarilla Apache Tribe v. Federal Energy Regulatory CommissionCourt of Appeals for the Tenth Circuit · 1978
- Fed. Sec. L. Rep. P 95,308 Allis-Chalmers Manufacturing Company, a Delaware Corporation v. Gulf & Western Industries, Inc., a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1976
- Jets Services, Inc. v. HoffmanDistrict Court, M.D. Florida · 1976
7 more not listed; retrieve them via the Exa API.