Legal Opinion
Bruh v. Bessemer Venture Partners III L.P.
Court of Appeals for the Second Circuit
Decided September 13, 2006No. Docket No. 05-5271-cvPublishedCited by 11 opinions
1Opinion of the Court
GLEESON, Judge.
Marc Bruh, a shareholder in VistaCare, Inc. (“VistaCare”), brought this action against Bessemer Venture Partners III, L.P. (“Bessemer”), pursuant to § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), seeking disgorgement of the profit Bessemer made when it sold shares of VistaCare common stock on May 13, 2003. The question presented on appeal is whether a stock reclassification— converting Bessemer’s preferred stock into common — that occurred in December 2002 *204can properly be matched against that sale and thus give rise to liability for short-swing insider…
2Cases cited23 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Immigration & Naturalization Service v. St. CyrSupreme Court of the United States · 2001
- Auer v. RobbinsSupreme Court of the United States · 1997
- Bowen v. Georgetown University HospitalSupreme Court of the United States · 1988
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3Cited by11 opinions
- Fabrikant v. FrenchCourt of Appeals for the Second Circuit · 2012
- Levy v. Sterling Holding Co., LLCCourt of Appeals for the Third Circuit · 2008
- Sai Kwan Wong Ex Rel. Wong v. DoarCourt of Appeals for the Second Circuit · 2009
- Janese v. FayCourt of Appeals for the Second Circuit · 2012
- Durable Manufacturing Co. v. United States Department of LaborCourt of Appeals for the Seventh Circuit · 2009
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