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LEE NATIONAL CORPORATION v. SEGUR

No. 42730.

281 F.Supp. 851 (1968)

LEE NATIONAL CORPORATION v. Anson G. P. SEGUR.

United States District Court E. D. Pennsylvania.

March 26, 1968.

Attorney(s) appearing for the Case

Morris L. Weisberg, Blank, Rudenko, Klaus & Rome, Philadelphia, Pa., for plaintiff.

Reeder R. Fox, Duane, Morris & Hecksche, Philadelphia, Pa., for defendant.

MEMORANDUM AND ORDER

TROUTMAN, District Judge.

This action was commenced under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), to recover "short swing profits" allegedly realized by the defendant in the sales and purchases of shares of the common stock of the plaintiff. Section 16(b) limits its application, inter alia, to the "officer" of the "issuer" and Section 16(a) is likewise limited to "officer of the issuer" of...

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