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ALLIS-CHALMERS MFG. CO. v. GULF & WESTERN INDUSTRIES, INC.

Civ. A. No. 69-C-7.

309 F.Supp. 75 (1970)

ALLIS-CHALMERS MANUFACTURING COMPANY, a Delaware corporation, Plaintiff, v. GULF & WESTERN INDUSTRIES, INC., a Delaware corporation, Defendant.

United States District Court, E. D. Wisconsin.

February 16, 1970.

Attorney(s) appearing for the Case

Steven E. Keane, Milwaukee, Wis., for defendant, John A. Guzzetta and Bernhardt K. Wruble, New York City, of counsel.

Maxwell H. Herriott, Laurence C. Hammond, Jr., and W. Stuart Parsons, Milwaukee, Wis., for plaintiff.

OPINION AND ORDER

REYNOLDS, District Judge.

Plaintiff, Allis-Chalmers Manufacturing Company ("Allis-Chalmers"), brings this action under § 16(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78p(b)) to recover "short-swing" profits allegedly made by the defendant, Gulf & Western Industries, Inc. ("Gulf & Western"), by a purchase and sale of Allis-Chalmers common stock. Gulf & Western...

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