Legal Opinion
Morales v. New Valley Corp.
District Court, S.D. New York
Decided July 31, 1996No. 95 Civ. 1246 (CSH)PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HAIGHT, Senior District Judge:
Plaintiff Richard Morales brings this action pursuant to section 16(b) of the Securities Exchange Act of 1934 (hereinafter the “1934 Act”), 15 U.S.C. § 78p(b), seeking disgorgement of alleged short-swing profits earned in transactions involving Class B cumulative convertible preferred stock (“B convertible”) of New Valley Corporation (“New Valley”). Defendants Harry Freund and Jay Goldsmith (the “moving defendants”) move jointly to dismiss under Rule 12(b)(6), Fed. R.Civ.P., arguing that they are not “beneficial owners” as that phrase…
2Cases cited17 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Papasan v. AllainSupreme Court of the United States · 1986
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- Kramer v. Time Warner Inc.Court of Appeals for the Second Circuit · 1991
12 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Morales v. FreundCourt of Appeals for the Second Circuit · 1999
- Morales v. New Valley Corp.District Court, S.D. New York · 1998
- Morales v. New Valley Corp.District Court, S.D. New York · 1997
- Schaffer Ex Rel. Lasersight, Inc. v. CC Investments, LDCDistrict Court, S.D. New York · 2001
- Gibbons v. MaloneDistrict Court, S.D. New York · 2011
1 more not listed; retrieve them via the Exa API.