CHECHELE v. Scheetz
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
RICHARD J. SULLIVAN, District Judge:
Plaintiff Donna Ann Gabriele Chechele brings this suit against Defendant W. Edward Scheetz, the former President and CEO of nominal Defendant Morgans Hotel Group Co. (“Morgans” or the “Company”), seeking to recover short-swing profits pursuant to Section 16(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. § 78p(b). Now before the Court is Defendant Scheetz’s motion to dismiss the Complaint pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. For the reasons that follow, the motion is granted.
I.…
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