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STELLA v. GRAHAM-PAIGE MOTORS CORPORATION

149 F.Supp. 390 (1957)

Michael STELLA, suing on his own behalf and on behalf of all other stockholders of Kaiser-Frazer Corporation similarly situated, Plaintiff, v. GRAHAM-PAIGE MOTORS CORPORATION and Kaiser-Frazer Corporation, Defendants.

United States District Court S. D. New York.

March 12, 1957.

Attorney(s) appearing for the Case

Lewis M. Dabney, Jr., New York City, for plaintiff, Murray C. Bernays, New York City, of counsel.

Garey & Garey, New York City, for defendant Graham-Paige Motors Corp., Wm. Francis Corson, Ambrose V. McCall, Sol Irving Sokolsky, New York City, of counsel.

DIMOCK, District Judge.

This action under section 16(b) of the Securities Exchange Act of 1934, 15 U.S. C. § 78p(b), which gives a right of recovery of "short swing" profits made by insiders, was tried before me. After trial I filed an opinion, D.C., 132 F.Supp. 100, in which I held that plaintiff had made prima facie proof that defendant Graham-Paige Motors Corporation had made...

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