Greene v. Dietz
Court of Appeals for the Second Circuit
1Opinion of the Court
WATERMAN, Circuit Judge.
The appellants, who are stockholders of the C. I. T. Financial Corporation, brought this action under section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), to recover on behalf of that corporation profits alleged to have been realized in the purchase and sale of C. I. T. stock by the individual defendants, each of whom is a director and a regular salaried employee of C. I. T. The action was tried without a jury before Judge Dawson, who entered a judgment dismissing the complaint. D.C.S.D.N.Y.1956, 143 F.Supp. 464.
In order to eliminate profits…
2Cases cited7 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Kaufman v. ShoenbergCourt of Chancery of Delaware · 1952
- Kaufman v. ShoenbergCourt of Chancery of Delaware · 1952
- Truncale v. BlumbergDistrict Court, S.D. New York · 1950
- Lockheed Aircraft Corp. v. RathmanDistrict Court, S.D. California · 1952
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- Adler v. KlawansCourt of Appeals for the Second Circuit · 1959
- Husted v. CommissionerUnited States Tax Court · 1967
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