Legal Opinion
Blau v. Mission Corp.
Court of Appeals for the Second Circuit
Decided June 7, 1954No. 22804_1PublishedCited by 87 opinions
1Opinion of the Court
CLARK, Circuit Judge.
This appeal brings before us once again the construction of § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), providing for the recovery for the benefit of a corporation of so-called “short-swing profits” realized by an “insider” upon dealing in its stock.
On December 17, 1948, defendant Mission Corporation, pursuant to a plan to gain control over (nominal) defendant Tide Water Associated Oil Company, had acquired 1,416,693 shares of Tide Water’s common stock, which was more than 10 per cent of the total shares outstanding. On that day Mission transferred…
2Cases cited8 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Gratz v. ClaughtonCourt of Appeals for the Second Circuit · 1951
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Pellegrino v. NesbitCourt of Appeals for the Ninth Circuit · 1953
- Falco v. Donner Foundation, Inc.Court of Appeals for the Second Circuit · 1953
3 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- Gollust v. MendellSupreme Court of the United States · 1991
- Oil & Gas Ventures-First 1958 Fund, Ltd. v. KungDistrict Court, S.D. New York · 1966
- Mendell ex rel. Viacom Inc. v. GollustCourt of Appeals for the Second Circuit · 1990
- Norte & Co. v. R. L. Huffines, Jr. And Victor Muscat, and L. F. Serrick, Alfred O'gara, Edward Krock and Defiance Industries, Inc.Court of Appeals for the Second Circuit · 1969
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
82 more not listed; retrieve them via the Exa API.