Legal Opinion
Egghead.Com, Inc. v. Brookhaven Capital Management, Co.
District Court, S.D. New York
Decided March 29, 2002No. 99 Civ. 9397(CSH)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HAIGHT, Senior District Judge.
This suit is brought pursuant to § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), which “provides that beneficial owners of more than ten percent of any class of an equity security must turn over, to the issuer of that security, any profits earned from a purchase and sale of the securities of that issuer if the purchase and sale are separated by less than six months.” Morales v. Freund, 163 F.3d 763, 764 (2d Cir.1999). The purpose of this statutory provision is “to deter ‘insiders,’ who are presumed to possess…
2Cases cited19 opinions
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Bowen v. Georgetown University HospitalSupreme Court of the United States · 1988
- Bradley v. School Bd. of RichmondSupreme Court of the United States · 1974
- Joseph E. Dister v. The Continental Group, Inc.Court of Appeals for the Second Circuit · 1988
- Richard Morales v. Quintel Entertainment, Inc. And Peter StolzCourt of Appeals for the Second Circuit · 2001
14 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Mercer v. GuptaCourt of Appeals for the Second Circuit · 2013
- Mercer v. GuptaDistrict Court, S.D. New York · 2012