Legal Opinion
Leo P. Portnoy v. Kawecki Berylco Industries, Inc.
Court of Appeals for the Seventh Circuit
Decided November 14, 1979No. 79-1240PublishedCited by 48 opinions
1Opinion of the Court
PELL, Circuit Judge.
The sole issue in this appeal is whether the plaintiff, a shareholder of both Cabot Corporation (Cabot) and Kawecki Berylco Industries, Inc. (KBI), has standing to bring an action under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), for recovery of profits allegedly obtained by International Mining Corporation (IMC) from short-swing trading of shares of KBI.1 The structure and relationship of the corporations involved and the changes in that structure and relationship are critical to the outcome.
At the time the plaintiff filed his complaint on…
2Cases cited8 opinions
- Commissioner v. BrownSupreme Court of the United States · 1965
- Dudley Warren Schilling, Cross v. J. A. Belcher, Sr., Cross Dudley Warren Schilling v. J. A. Belcher, Sr.Court of Appeals for the Fifth Circuit · 1978
- Fed. Sec. L. Rep. P 94,924 American Standard, Inc. v. Crane Co., and Third-Party v. Edward J. Hanley, Third-PartyCourt of Appeals for the Second Circuit · 1975
- Nicholas J. P. Tryforos and Bebe Spanos Ikaris, and Vasillios G. Spanos v. Icarian Development Company, S. A.Court of Appeals for the Seventh Circuit · 1975
- Gold v. SloanCourt of Appeals for the Fourth Circuit · 1973
3 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Lewis v. AndersonSupreme Court of Delaware · 1984
- Harry Lewis v. Al KnutsonCourt of Appeals for the Fifth Circuit · 1983
- Alfred Blasband v. Steven M. Rales Mitchell P. Rales John Doe 1-10 Danaher Corporation, Alfred Blasband, Derivatively on Behalf of Danaher CorporationCourt of Appeals for the Third Circuit · 1992
- Mendell ex rel. Viacom Inc. v. GollustCourt of Appeals for the Second Circuit · 1990
- Sanders v. Thrall Car Manufacturing Co.District Court, S.D. New York · 1983
43 more not listed; retrieve them via the Exa API.