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STEINBERG v. SHARPE

95 F.Supp. 32 (1950)

STEINBERG et al. v. SHARPE et al.

United States District Court S. D. New York.

December 21, 1950.

Attorney(s) appearing for the Case

Morris J. Levy, New York City, for plaintiff.

Fulton, Walter & Halley, New York City (Harmon Duncombe and Daniel J. O'Connell, New York City, of counsel), for defendant W. J. Reuscher.

MEDINA, District Judge.

This matter is before me on cross-motions for summary judgment by the plaintiff against the defendant W. J. Reuscher and by the defendant Reuscher against the plaintiff. There are no disputed issues of fact and the sole question is whether defendant Reuscher enjoyed any profit as a result of the purchase and sale within six months of securities issued by the corporation of which he is an officer. The action is brought pursuant to § 16...

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