1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 104 F.Supp.
  5. 104 F.Supp. 20 (1952)
 

JEFFERSON LAKE SULPHUR CO. v. WALET

Civ. A. No. 3104.

104 F.Supp. 20 (1952)

JEFFERSON LAKE SULPHUR CO. v. WALET.

United States District Court E. D. Louisiana, New Orleans Division.

April 2, 1952.

Attorney(s) appearing for the Case

Deutsch, Kerrigan & Stiles, Eberhard P. Deutsch and Rene H. Himel, Jr., all of New Orleans, La., for plaintiff.

James G. Schillin, New Orleans, La., Myer Feldman, Washington, D. C., Atty. for Securities & Exchange Commission amicus curiae for defendant.

WRIGHT, District Judge.

Section 16(b) of the Securities & Exchange Act of 19341 provides that all profits realized by an officer or director of a corporation from short-term trading in its securities shall inure to the corporation. The purpose of the statute is to prevent in short-term trading in its securities the unfair use of information which may have been obtained by an officer or director...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases