Fed. Sec. L. Rep. P 93,690 Walter Untermeyer v. Valhi, Inc., Csx Corporation and Sea-Land Corporation

In the prior unpublished decision of this court, 841 F.2d 1117 (2d Cir.1988), we summarily affirmed the district court’s decision which granted Valhi, Inc.’s motion for summary judgment and dismissed Untermeyer’s complaint brought pursuant to section 16(b) of the Securities Exchange Act of 1934,15 U.S.C. § 78p. On January 28,1988, Untermeyer filed the instant petition for rehearing in which he argues that our decision affirming the district court here overrules sotto voce Blau v. Oppenheim, 250 F.Supp. 881 (S.D.N.Y.1966). We treated Untermeyer’s petition as a motion for rear-gument, which was…