Legal Opinion
National Westminster Bancorp NJ v. Leone
District Court, D. New Jersey
Decided November 7, 1988No. Civ. A. 88-2000PublishedCited by 12 opinions
1Opinion of the Court
OPINION
SAROKIN, District Judge.
In this action brought under Section 16(b) of the Securities and Exchange Act of 1934 (“1934 Act”), 15 U.S.C. Sec. 78p(b), for alleged “short-swing” profits realized by defendants, defendants move for summary judgment. Plaintiff cross-moves for partial summary judgment.
BACKGROUND
Plaintiff National Westminster Bancorp NJ (“Natwest NJ”), formerly known as First Jersey National Corporation (“First Jersey”), brought this action under Section 16(b) of the 1934 Act as the issuer of securities. The complaint demands disgorgement of alleged “short-swing” profits made by…
2Cases cited20 opinions
- Blau v. LehmanSupreme Court of the United States · 1962
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- 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
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
15 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Litton Industries, Inc. v. Lehman Bros. Kuhn Loeb Inc.District Court, S.D. New York · 1990
- Securities & Exchange Commission v. LorinDistrict Court, S.D. New York · 1994
- In re Cendant Corp. Derivative Action LitigationDistrict Court, D. New Jersey · 1999
- 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
- Securities & Exchange Commission v. Graystone Nash, Inc.District Court, D. New Jersey · 1993
7 more not listed; retrieve them via the Exa API.