Legal Opinion
Silverman v. Landa
District Court, S.D. New York
Decided December 27, 1961PublishedCited by 2 opinions
1Opinion of the Court
THOMAS F. MURPHY, District Judge.
Cross motions for summary judgment raise novel and important questions of law under Sections 16(b) and 16(c) of the Securities Exchange Act of 1934 (15 U.S.C.A. §§ 78p(b) and (c), arising from the issuance by an insider of “Put” and “Call” options.
There is no dispute as to the facts. Plaintiff is a shareholder of Fruehauf Trailer Company. (Fruehauf) and brings this action both derivatively on behalf of Fruehauf and individually to recover “profits” realized by Landa in certain transactions involving Fruehauf stock. It is undisputed that on October 26, 1959,…
2Cases cited5 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Shaw v. DreyfusCourt of Appeals for the Second Circuit · 1949
- Blau v. OgsburyCourt of Appeals for the Second Circuit · 1954
- Falco v. Donner Foundation, Inc.Court of Appeals for the Second Circuit · 1953
3Cited by2 opinions
- Bertha Silverman v. Alfons Landa, and Fruehauf Trailer CompanyCourt of Appeals for the Second Circuit · 1962
- Rogers v. ValentineDistrict Court, S.D. New York · 1969