Legal Opinion
Fed. Sec. L. Rep. P 99,488 Texas International Airlines v. National Airlines, Inc.
Court of Appeals for the Fifth Circuit
Decided September 15, 1983No. 82-2215PublishedCited by 22 opinions
1Opinion of the Court
JOHNSON, Circuit Judge:
Texas International (TI) appeals the grant of summary judgment for National Airlines (National) holding TI liable to National under section 16(b) of the Securities Exchange Act of 1934 (the Exchange Act) for the “short swing profits” made on the sale of 121,000 shares of National common stock. Section 16(b), 15 U.S.C.A. § 78p(b) provides, in pertinent part:
For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director, or officer by reason of his relationship to the issuer, any profit realized by him from any…
2Cases cited14 opinions
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Transamerica Mortgage Advisors, Inc. v. LewisSupreme Court of the United States · 1979
- Blau v. LehmanSupreme Court of the United States · 1962
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
9 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Ceres Partners v. GEL AssociatesCourt of Appeals for the Second Circuit · 1990
- Ceres Partners v. Gel AssociatesCourt of Appeals for the Second Circuit · 1990
- David Colan, and Unocal Corporation v. Mesa Petroleum Co., David Colan, and Unocal Corporation v. Mesa Petroleum Co.Court of Appeals for the Ninth Circuit · 1991
- Roth v. The Goldman Sachs Group, Inc.Court of Appeals for the Second Circuit · 2014
- Fed. Sec. L. Rep. P 99,700 Gordon Gund, Cross-Appellant v. First Florida Banks, Inc., Formerly, First Financial Corporation, Cross-AppelleeCourt of Appeals for the First Circuit · 1984
17 more not listed; retrieve them via the Exa API.