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TRUNCALE v. BLUMBERG

80 F.Supp. 387 (1948)

TRUNCALE v. BLUMBERG et al.

United States District Court S. D. New York.

October 14, 1948.

Attorney(s) appearing for the Case

Millard & Greene, of New York City (Milton Pollack, of New York City, of counsel), for plaintiff.

H. G. Pickering of Mudge, Stern, Williams & Tucker, all of New York City (Robert E. Walsh, of New York City, of counsel), for defendant J. Cheever Cowdin.

Roger S. Foster, of Washington, D. C., Gen. Counsel for Securities and Exchange Commission, amicus curiae.

MEDINA, District Judge.

In this action by a stockholder of Universal Pictures Company, Inc., brought in the right and on behalf of the Company after non-compliance by the Company with plaintiff's statutory request that the action be brought by it pursuant to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), to recover profits allegedly realized by certain officers and directors of the Company, from transactions involving the purchase...

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