Colema Realty Corp. v. Bibow
District Court, D. Connecticut
1Opinion of the Court
RULING ON MOTION FOR SUMMARY JUDGMENT
CLARIE, Senior District Judge.
This case is presently before the Court on the defendants’ Motion for Summary Judgment and involves a series of stock transactions which were engaged in by several executive officers of United Technologies Corporation (“UTC”). The plaintiff brings this stockholder’s derivative action under Section 16(b) of the Securities Exchange Act of 1934 to recover the profits of these transactions for the corporation. The defendants claim that the stock transactions complained of are within an exemption from § 16(b) provided by Rule 16b-3…
2Cases cited15 opinions
- Udall v. TallmanSupreme Court of the United States · 1965
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Bowles v. Seminole Rock & Sand Co.Supreme Court of the United States · 1945
- 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
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3Cited by7 opinions
- Citadel Holding Corp., a Delaware Corporation v. Alfred Roven American Underwriters, Inc., a Delaware CorporationCourt of Appeals for the Ninth Circuit · 1994
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- Atlantic Tele-Network v. ProsserDistrict Court, Virgin Islands · 2000
- Arrow Distributing Corp. v. Richard A. BaumgartnerCourt of Appeals for the Fifth Circuit · 1986
- Clay v. Riverwood International Corp.Court of Appeals for the Eleventh Circuit · 1998
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