Legal Opinion
Walet v. Jefferson Lake Sulphur Co.
Court of Appeals for the Fifth Circuit
Decided April 4, 1953No. 14175PublishedCited by 36 opinions
1Opinion of the Court
HOLMES, Circuit Judge.
This action was brought under Sections 16(b) and 27 of the Act of June 6, 1934, chapter 404, 48 Stat. 896 and 902, 15 U.S.C. A. §§ 78p(b) and 78aa. Said statute is known as the Security Exchange Act of 1934, 15 U.S.C.A. § 78a et seq., and will be referred to herein as the Act. The plaintiff is a New Jersey corporation; the defendant is a citizen of Louisiana; federal jurisdiction of this controversy, therefore, rests both upon a federal question and diversity of citizenship.
Plaintiff’s common stock, which is an equity security as defined in section 3 of the Act, is…
2Cases cited4 opinions
- Wissner v. WissnerSupreme Court of the United States · 1950
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Gratz v. ClaughtonCourt of Appeals for the Second Circuit · 1951
- Jefferson Lake Sulphur Co. v. WaletDistrict Court, E.D. Louisiana · 1952
3Cited by36 opinions
- Whittaker v. Whittaker Corp.Court of Appeals for the Ninth Circuit · 1981
- Walet v. CommissionerUnited States Tax Court · 1958
- Grand v. NacchioCourt of Appeals of Arizona · 2006
- Anne Goyne Mitchell v. Commissioner of Internal Revenue, Jane Isabell Goyne Sims v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1970
- Western Auto Supply Company and Beneficial Finance Co. v. Gamble-Skogmo, Inc.Court of Appeals for the Eighth Circuit · 1965
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