Legal Opinion
Sterman v. Ferro Corp.
Court of Appeals for the Sixth Circuit
Decided March 10, 1986No. 84-3632PublishedCited by 4 opinions
1Opinion of the Court
KRUPANSKY, Circuit Judge.
Plaintiffs/appellants Harry Sterman and Etta K. Steiner (plaintiffs) appealed from the district court order granting a summary judgment in favor of the defendants, which dismissed plaintiffs’ derivative claim *164for recovery of short swing profits under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b).1
The facts giving rise to this cause of action are basically undisputed. Between early 1981 and November 1982 defendant Crane Co. (Crane), through its chairman Thomas Evans (Evans), acquired 1,733,220 (or 22.4%) shares of Ferro Corporation (Ferro)…
2Cases cited11 opinions
- 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
- Foremost-McKeeson, Inc. v. Provident Securities Co.Supreme Court of the United States · 1976
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
- Staffin v. GreenbergCourt of Appeals for the Third Circuit · 1982
6 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
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- Nosirrah Management, LLC v. AutoZone, Inc.District Court, W.D. Tennessee · 2024
- Sterman v. Ferro CorporationCourt of Appeals for the Sixth Circuit · 1986