Legal Opinion
Heit v. Gulf & Western Industries, Inc.
District Court, D. Delaware
Decided January 14, 1971No. Civ. A. No. 3697PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
CALEB M. WRIGHT, Chief Judge.
This is an action brought by Charles Heit (“Heit”), a stockholder of Arthur G. McKee & Company (“McKee”) at all relevant times, on McKee’s behalf against Gulf & Western Industries, Inc. (“G&W”) to recover alleged “short-swing profits” G&W is said to have realized while it was a McKee “insider” by reason of its beneficial ownership of more than 10% of the outstanding McKee stock. Securities Exchange Act of 1934, § 16(b), 15 U.S.C. § 78p(b). McKee is named as a defendant in this action. The case is presently before the Court on the defendants’…
2Cases cited4 opinions
- Thelma M. Wade, as Administratrix of the Estate of Russell L. Smith, Deceased v. Dan Rogala, Doing Business as Rogala FisheriesCourt of Appeals for the Third Circuit · 1959
- Thiokol Chemical Corp. v. Burlington Industries, Inc.District Court, D. Delaware · 1970
- Henss v. SchneiderDistrict Court, S.D. New York · 1955
- Nedick's Stores, Inc. v. GenisDistrict Court, S.D. New York · 1963
3Cited by2 opinions
- Morales v. Mylan Laboratories, Inc.District Court, W.D. Pennsylvania · 1978
- Arthur G. McKee & Co. v. Gulf & Western Industries, Inc.District Court, D. Delaware · 1971