Legal Opinion
Levy v. Seaton
District Court, S.D. New York
Decided March 12, 1973No. 72 Civ. 4765PublishedCited by 23 opinions
1Opinion of the Court
GURFEIN, District Judge.
Motion for summary judgment by the defendants, Louis G. Seaton and General Motors Corporation. This is an action in which the plaintiff, a stockholder of General Motors, seeks to recover on its behalf against Seaton for alleged violation of Section 16(b) of the Securities Exchange Act of 1934 and of Section 10 and Rule 10b-5 thereunder, 15 U.S.C. § 78p(b) and § 78j.
THE § 16(b) CLAIM
The § 16(b) claim is to recover alleged profits made by Seaton as a result of his purchases and sales of General Motors stock within a period of less than six months. 1 The plaintiff alleges…
2Cases cited13 opinions
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
- Fed. Sec. L. Rep. P 93,072 Securities and Exchange Commission v. Texas Gulf Sulphur Company, a Texas CorporationCourt of Appeals for the Second Circuit · 1971
- Judith S. Feder v. Martin Marietta Corporation and Sperry Rand CorporationCourt of Appeals for the Second Circuit · 1969
- Fed. Sec. L. Rep. P 93,656 Simon v. Haberman v. John D. MurchisonCourt of Appeals for the Second Circuit · 1972
- Greene v. DietzCourt of Appeals for the Second Circuit · 1957
8 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
- United States v. PriceDistrict Court, D. New Jersey · 1983
- Van Christo Advertising, Inc. v. M/A-COM/LCSMassachusetts Supreme Judicial Court · 1998
- Fed. Sec. L. Rep. P 95,294 MacAuley Whiting v. The Dow Chemical CompanyCourt of Appeals for the Second Circuit · 1975
18 more not listed; retrieve them via the Exa API.