Legal Opinion
Kornfeld v. Eaton
Court of Appeals for the Second Circuit
Decided February 3, 1964No. 142, Docket 28315PublishedCited by 8 opinions
1Opinion of the Court
MARSHALL, Circuit Judge:
The principal issue presented on this appeal is the validity of the Securities and Exchange Commission Rule X-16B-(6.2 Plaintiffs, common shareholders in the Norwich Pharmacal Company, brought suit pursuant to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78P(b) 3 to recover profits which accrued to defendant Eaton, a director and officer of Norwich, as the result of his transactions in Norwich stock. On August 23, 1956, Eaton acquired a restricted option to purchase 2,000 shares of common stock at $12.95 per share. Its market value was then $13.63…
2Cases cited4 opinions
- Greene v. DietzCourt of Appeals for the Second Circuit · 1957
- Rattner v. LehmanCourt of Appeals for the Second Circuit · 1952
- Steinberg v. SharpeDistrict Court, S.D. New York · 1950
- Kornfeld v. EatonDistrict Court, S.D. New York · 1963
3Cited by8 opinions
- Isadore Blau v. Max Factor & CompanyCourt of Appeals for the Ninth Circuit · 1965
- James E. Anderson and Alice Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1973
- B.T. Babbitt, Inc. v. Marshall S. LachnerCourt of Appeals for the Second Circuit · 1964
- Lewis v. VarnesDistrict Court, S.D. New York · 1974
- Volk v. ZlotoffDistrict Court, S.D. New York · 1970
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