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LOCKHEED AIRCRAFT CORP. v. CAMPBELL

No. 14610.

110 F.Supp. 282 (1953)

LOCKHEED AIRCRAFT CORP. v. CAMPBELL.

United States District Court S. D. California, Central Division.

February 24, 1953.

Attorney(s) appearing for the Case

Gray, Binkley & Pfaelzer, by William P. Gray, Los Angeles, Cal., for the plaintiff.

Hill, Farrer & Burrill, by William S. Scully, Los Angeles, Cal., for the defendant.

YANKWICH, Chief Judge.

By this action the plaintiff, Lockheed Aircraft Corporation, a corporation, to be referred to as "Lockheed", seeks to recover profits realized by one of its officers in a "short-swing" transaction in its corporate stock, under Section 16(b) of the Securities and Exchange Act of 1934, 15 U.S.C.A. § 78p(b).

The complaint sets forth the transaction with brevity. On June 7, 1951, the defendant,

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