Legal Opinion
Fed. Sec. L. Rep. P 95,308 Allis-Chalmers Manufacturing Company, a Delaware Corporation v. Gulf & Western Industries, Inc., a Delaware Corporation
Court of Appeals for the Seventh Circuit
Decided February 23, 1976No. 74-1266, 74-1267PublishedCited by 25 opinions
1Opinion of the Court
SWYGERT, Circuit Judge.
This appeal presents several issues concerning the proper construction of section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). The section, which seeks to prevent misuse of internal corporate information, requires certain statutorily defined corporate insiders to remit to their corporation any profits realized as a result of any transaction consisting of a purchase and subsequent sale, or sale and repurchase, which is completed within six months. Included among the insiders covered by the section are owners of more than ten percent of any class of…
2Cases cited19 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
14 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Foremost-McKeeson, Inc. v. Provident Securities Co.Supreme Court of the United States · 1976
- Whittaker v. Whittaker Corp.Court of Appeals for the Ninth Circuit · 1981
- Tyco Laboratories, Inc. v. Cutler-Hammer, Inc.District Court, S.D. New York · 1980
- Prager Ex Rel. Gable Industries, Inc. v. SylvestriDistrict Court, S.D. New York · 1978
- Mayer v. Chesapeake Insurance Company LimitedCourt of Appeals for the Second Circuit · 1989
20 more not listed; retrieve them via the Exa API.