Legal Opinion
Colan v. Monumental Corp.
District Court, N.D. Illinois
Decided October 5, 1981No. 81 C 2695PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
ASPEN, District Judge:
Plaintiff David Colan instituted this derivative action on behalf of Monumental Corporation (“Monumental”) against defendants Kaufman and Broad, Inc., Sun Life Group, Inc., and Sun Life Insurance Co. of America (“the K & B Defendants”) pursuant to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) [“Section 16(b)”]. This suit seeks recovery of “short-swing profits” which plaintiff alleges were realized through a series of purchases and sales of securities within a six-month period during which defendants beneficially…
2Cases cited15 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Ross v. BernhardSupreme Court of the United States · 1969
- Delaware & Hudson Co. v. Albany & Susquehanna RailroadSupreme Court of the United States · 1909
- Saylor v. LindsleyCourt of Appeals for the Second Circuit · 1968
- Fed. Sec. L. Rep. P 93,592 Paulette Papilsky v. Alvin H. Berndt, and Carl W. KnoblochCourt of Appeals for the Second Circuit · 1972
10 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Haberman v. Washington Public Power Supply SystemWashington Supreme Court · 1988
- Harry Lewis v. Al KnutsonCourt of Appeals for the Fifth Circuit · 1983
- Jacobs v. DujmovicDistrict Court, D. Colorado · 1990
- Seinfeld v. Hospital Corp. of AmericaDistrict Court, N.D. Illinois · 1988
- Kaplan v. Peat, Marwick, Mitchell & Co.Court of Chancery of Delaware · 1987
4 more not listed; retrieve them via the Exa API.