Blau v. Lehman
Supreme Court of the United States
1Opinion of the CourtJustice Black
The petitioner Blau, a stockholder in Tide Water Associated Oil Company, brought this action in a United States District Court on behalf of the company under § 16 (b)1 of the Securities Exchange Act of 1934 to *405recover with interest “short swing” profits, that is, profits earned within a six months’ period by the purchase and sale of securities, alleged to have been “realized” by respondents in Tide Water securities dealings. Respondents are Lehman Brothers, a partnership engaged in investment banking, securities brokerage and in securities trading for its own account, and Joseph A. Thomas, a…
2Cases cited6 opinions
- Board of Comm'rs of Jackson Cty. v. United StatesSupreme Court of the United States · 1939
- Mosser v. DarrowSupreme Court of the United States · 1951
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Rattner v. LehmanCourt of Appeals for the Second Circuit · 1952
- Blau v. LehmanDistrict Court, S.D. New York · 1959
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3Cited by269 opinions
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- Roth v. JenningsCourt of Appeals for the Second Circuit · 2007
- Osterneck v. Ernst & WhinneySupreme Court of the United States · 1989
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