Legal Opinion
Fistel v. Christman
District Court, S.D. New York
Decided October 19, 1955PublishedCited by 11 opinions
1Opinion of the Court
WEINFELD, District Judge.
Plaintiff brings this action as a stockholder of the defendant Follansbee Steel Corporation pursuant to § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), to recover profits allegedly realized by the defendant Christ-man, a director of Follansbee, on the purchase and sale of its securities within a six month period.
On June 4,1948 Christman sold to Follansbee 4,217 shares of Federal Enamel & Stamping Company stock and received in exchange a total of 21,088 shares of Follansbee plus approximately $15,000 cash. In effect, for each share of Federal he…
2Cases cited8 opinions
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Charles Hughes & Co. v. Securities & Exchange CommissionCourt of Appeals for the Second Circuit · 1943
- Borg v. International Silver Co.Court of Appeals for the Second Circuit · 1925
- Bull v. SmithCourt of Appeals for the Second Circuit · 1941
- Rice v. EisnerCourt of Appeals for the Second Circuit · 1926
3 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
- Marquette Cement Manufacturing Co. v. AndreasDistrict Court, S.D. New York · 1965
- Schur v. SalzmanDistrict Court, S.D. New York · 1973
- Blau v. LambDistrict Court, S.D. New York · 1965
- Franklin National Bank v. L. B. Meadows & Co.District Court, E.D. New York · 1970
6 more not listed; retrieve them via the Exa API.