Legal Opinion
Lewis v. Varnes
District Court, S.D. New York
Decided January 4, 1974No. 72 Civ. 4897 (MP)PublishedCited by 19 opinions
1Opinion of the Court
OPINION
POLLACK, District Judge.
This is an action in which plaintiff, a stockholder of Eli Lilly and Company (“Lilly”), registered with and listed on the New York Stock Exchange, seeks to recover on its behalf against defendant George L. Varnes for alleged violations of Section 16(b) of the Securities Exchange Act of 1934 and Section 10 and Rule 10b-5 thereunder, 15 U.S.C. §§ 78p(b), 78j, popularly referred to as “short swing” transactions.
The Section 16(b) Claim,
The § 16(b) claim is to recover alleged profits made by Varnes as a result of his purchases and sales of Lilly stock within a period…
2Cases cited3 opinions
- Fed. Sec. L. Rep. P 93,590 David Segal v. Lawrence Gordon, and Coburn Corporation of AmericaCourt of Appeals for the Second Circuit · 1972
- Levy v. SeatonDistrict Court, S.D. New York · 1973
- Kornfeld v. EatonCourt of Appeals for the Second Circuit · 1964
3Cited by19 opinions
- Valerio v. Boise Cascade Corp.District Court, N.D. California · 1978
- Gross v. Diversified Mortgage InvestorsDistrict Court, S.D. New York · 1977
- Rich v. Touche Ross & Co.District Court, S.D. New York · 1975
- Troyer v. KarcagiDistrict Court, S.D. New York · 1979
- Robertson v. National Basketball Ass'nDistrict Court, S.D. New York · 1975
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