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SHAW v. DREYFUS

No. 119, Docket 21167.

172 F.2d 140 (1949)

SHAW v. DREYFUS et al.

United States Court of Appeals Second Circuit.

January 19, 1949.

Attorney(s) appearing for the Case

Morris J. Levy, of New York City, for appellant.

Shearman & Sterling & Wright, of New York City (John A. Wilson, Clifford M. Bowden and Michael J. DeSantis, all of New York City, of counsel), for appellees.

Before SWAN, AUGUSTUS N. HAND, and CLARK, Circuit Judges.

SWAN, Circuit Judge.

This appeal involves the applicability to undisputed facts of section 16(b) of the Securities Exchange Act of 1934 of which the relevant portion is printed in the margin.1 Celanese Corporation of America, a Delaware corporation, pursuant to a resolution of its board of directors, issued to its common stockholders of record warrants evidencing rights to subscribe, at $50 per share, for additional shares of common stock...

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