Legal Opinion
Tristar Corp. v. Freitas
District Court, E.D. New York
Decided November 9, 1994No. CV-93-5722 (RJD)PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM AND ORDER
DEARIE, District Judge.
Preliminary Statement
Plaintiff, Tristar Corporation (“Tristar”), formerly known as Ross Cosmetics Distribution Centers Inc. (“Ross Cosmetics”), brings this action pursuant to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) (“the Act”), to recover short swing profits from defendants Ross A. Freitas and Carolyn Safer Kenner. “For the purpose of preventing the unfair use of [inside] information,” section 16(b) requires statutory insiders to disgorge to the issuer any “profit” realized from any purchase and sale (or sale and…
2Cases cited17 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- Blau v. LehmanSupreme Court of the United States · 1962
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3Cited by1 opinion
- Fed. Sec. L. Rep. P 99,230 Tristar Corporation v. Ross A. Freitas and Carolyn Safer KennerCourt of Appeals for the Second Circuit · 1996