Legal Opinion
Newmark v. RKO General, Inc.
District Court, S.D. New York
Decided September 22, 1969No. 67 Civ. 4914PublishedCited by 6 opinions
1Opinion of the Court
OPINION
BONSAL, District Judge.
Plaintiff, a shareholder of Frontier Airlines, Inc. (Frontier), a Nevada corporation, brought this action under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), to recover on behalf of Frontier, “short-swing” profits allegedly realized by RKO General, Inc. (RKO), an “insider” of Frontier.
In an opinion reported at 294 F.Supp. 358 (S.D.N.Y.1968), Judge Tyler held that, on the undisputed facts, plaintiff stated a claim under Section 16(b), that RKO was liable to plaintiff for the short-swing profits realized, and that the only issue for…
2Cases cited10 opinions
- Blau v. LehmanSupreme Court of the United States · 1962
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Blau v. Mission Corp.Court of Appeals for the Second Circuit · 1954
- Blau v. LambCourt of Appeals for the Second Circuit · 1966
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Fed. Sec. L. Rep. P 96,823 Crane Company v. American Standard, Inc. And Blyth & Co., Inc.Court of Appeals for the Second Circuit · 1979
- Fed. Sec. L. Rep. P 95,308 Allis-Chalmers Manufacturing Company, a Delaware Corporation v. Gulf & Western Industries, Inc., a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1976
- Schur v. SalzmanDistrict Court, S.D. New York · 1973
- Newmark v. RKO General, Inc.District Court, S.D. New York · 1971
- Fed. Sec. L. Rep. P 93,596 Mouldings, Inc. v. Ernest E. PotterCourt of Appeals for the Fifth Circuit · 1972
1 more not listed; retrieve them via the Exa API.