Legal Opinion
Park & Tilford, Inc. v. Schulte
Court of Appeals for the Second Circuit
Decided January 8, 1947No. 57, Docket 20317PublishedCited by 110 opinions
1Opinion of the Court
CLARK, Circuit Judge.
In Smolowe v. Delendo Corporation, 2 Cir., 136 F.2d 231, 148 A.L.R. 300, cer-tiorari denied Delendo Corp. v. Smolowe, 320 U.S. 751, 64 S.Ct. 56, 88 L.Ed. 446, we upheld and applied § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), making any profit from a “short-swing” speculation in corporate stock by an “insider” inure to the benefit of the corporation. The statute reaches any profit realized by, among others, a beneficial owner of more than 10 per cent of any class of any equity security “from any purchase and sale, or any sale and purchase, of any…
2Cases cited12 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Young v. Higbee Co.Supreme Court of the United States · 1945
- Joint Council Dining Car Employees Local 370 v. Delaware, L. & W. R.Court of Appeals for the Second Circuit · 1946
- United States Trust Co. v. Chicago Terminal Transfer R.Court of Appeals for the Seventh Circuit · 1911
- United States v. C. M. Lane Lifeboat Co.District Court, E.D. New York · 1938
7 more not listed; retrieve them via the Exa API.
3Cited by110 opinions
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Gratz v. ClaughtonCourt of Appeals for the Second Circuit · 1951
- Blau v. Mission Corp.Court of Appeals for the Second Circuit · 1954
- Pellegrino v. NesbitCourt of Appeals for the Ninth Circuit · 1953
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
105 more not listed; retrieve them via the Exa API.