Legal Opinion
Perfect Photo, Inc. v. Grabb
District Court, E.D. Pennsylvania
Decided June 20, 1962No. Civ. A. 29918PublishedCited by 15 opinions
1Opinion of the Court
FREEDMAN, District Judge.
Plaintiff has moved for summary judgment in an action brought under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), for profits realized by defendant on so-called “short swing” transactions. The Act permits corporate recovery of profits made by an “insider” from the purchase and sale of the corporation’s stock within any period of less than six months.
The statutory standards are that the “equity security” must be registered on a national securities exchange and that the insider must be one who directly or indirectly is the beneficial owner of…
2Cases cited10 opinions
- Blau v. LehmanSupreme Court of the United States · 1962
- Rodgers v. United StatesSupreme Court of the United States · 1947
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- United States v. FiskSupreme Court of the United States · 1866
- R. A. Peacock, M. L. Coffer, and H. J. Wilson v. Lubbock Compress CompanyCourt of Appeals for the Fifth Circuit · 1958
5 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Whittaker v. Whittaker Corp.Court of Appeals for the Ninth Circuit · 1981
- Belcher v. Birmingham Trust National BankDistrict Court, N.D. Alabama · 1968
- Western Auto Supply Company and Beneficial Finance Co. v. Gamble-Skogmo, Inc.Court of Appeals for the Eighth Circuit · 1965
- United States v. BrennickDistrict Court, D. Massachusetts · 1995
- Volk v. ZlotoffDistrict Court, S.D. New York · 1968
10 more not listed; retrieve them via the Exa API.