HELI-COIL CORPORATION v. WEBSTER

Civ. A. No. 680-60.

222 F.Supp. 831 (1963)

HELI-COIL CORPORATION, Plaintiff, v. Reginald WEBSTER, Defendant.

United States District Court New Jersey.

October 24, 1963.


Attorney(s) appearing for the Case

Emory C. Risley, for Stryker, Tams & Dill, Newark, N. J., for plaintiff.

Charles Danzig, for Riker, Danzig, Scherer & Brown, Newark, N. J., for defendant.


AUGELLI, District Judge.

This is an action by the corporate plaintiff against one of its directors to recover "insider profits" under section 16(b) of the Securities Exchange Act of 1934 (Act), 15 U.S.C.A. § 78p(b). Jurisdiction is conferred by section 27 of the Act, 15 U.S.C.A. § 78aa, as amended. The matter was tried to the Court, sitting without a jury, and the following facts were stipulated by the parties:

Plaintiff Heli-Coil Corporation was...

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