Legal Opinion
Stella Ex Rel. Kaiser-Frazer Corp. v. Graham-Paige Motors Corp.
District Court, S.D. New York
Decided June 9, 1955PublishedCited by 24 opinions
1Opinion of the Court
DIMOCK, District Judge.
Michael Stella, a stockholder in KaiserFrazer Corporation, suing in behalf of himself and all other stockholders similarly situated, brings this action against Graham-Paige Motors Corporation under section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), quoted in part infra, which gives a right of recovery of short swing profits made by insiders. Kaiser-Frazer, having refused to bring this action after being requested to do so by plaintiff, is also named as a defendant.
Graham-Paige, in 1947, transferred its automotive assets to Kaiser-Frazer and…
2Cases cited18 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Deitrick v. GreaneySupreme Court of the United States · 1940
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Burnet v. Willingham Loan & Trust Co.Supreme Court of the United States · 1931
- Dutcher v. WrightSupreme Court of the United States · 1877
13 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Adler v. KlawansCourt of Appeals for the Second Circuit · 1959
- Marquette Cement Manufacturing Co. v. AndreasDistrict Court, S.D. New York · 1965
- Stella v. Graham-Paige Motors Corp.Court of Appeals for the Second Circuit · 1956
- Rheem Manufacturing Company, a Corporation v. R. S. Rheem, Ann J. Mathes, IntervenorCourt of Appeals for the Ninth Circuit · 1961
- Fed. Sec. L. Rep. P 95,308 Allis-Chalmers Manufacturing Company, a Delaware Corporation v. Gulf & Western Industries, Inc., a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1976
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