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BLAU v. LEHMAN

173 F.Supp. 590 (1959)

Isadore BLAU, a stockholder of Tide Water Associated Oil Company, suing on behalf of himself and all other stockholders similarly situated and on behalf of and in the right of Tide Water Associated Oil Company, Plaintiff, v. Robert LEHMAN et al., a co-partnership, doing business under the firm name and style of Lehman Brothers, Joseph A. Thomas and Tide Water Associated Oil Company, Defendants.

United States District Court S. D. New York.

May 22, 1959.

Attorney(s) appearing for the Case

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

Simpson, Thacher & Bartlett, New York City, for defendants Lehman Bros. and Joseph A. Thomas, Cyrus R. Vance, Robert S. Carlson, New York City, of counsel.

Leve, Hecht, Hadfield & McAlpin, New York City, for defendant Tide Water Associated Oil Co.

DAWSON, District Judge.

This is an action based upon § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b),1 in which plaintiff, a shareholder of defendant Tide Water Associated Oil Company (hereinafter called "Tide Water"), seeks an accounting by defendants other than Tide Water of certain profits realized from alleged purchases and sales of securities within a period...

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