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NEWMARK v. RKO GENERAL, INC.

No. 67 Civ. 4914.

332 F.Supp. 161 (1971)

Margot NEWMARK, Plaintiff, v. RKO GENERAL, INC. and Frontier Airlines, Inc., Defendants.

United States District Court, S. D. New York.

July 28, 1971.

Attorney(s) appearing for the Case

Kaufman, Taylor, Kimmel & Miller, New York City, for plaintiff; Stanley L. Kaufman, Allan K. Peckel, New York City, of counsel.

Regan, Goldfarb, Powell & Quinn, New York City, for defendant RKO General, Inc.; John J. Galgay, Peter G. Corbett, New York City, of counsel.

Lovejoy, Wasson, Lundgren & Ashton, New York City, for Frontier Airlines, Inc.; Walter C. Lundgren, William F. Downey, Edwin E. McAmis, Martin R. Lee, New York City, of counsel.

OPINION

BONSAL, District Judge.

Plaintiff, Margot Newmark, a security holder in Frontier Airlines, Inc. ("Frontier"), instituted this action on behalf of Frontier under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) to recover short swing profits allegedly made by defendant RKO General, Inc. ("RKO") at the time of the merger of Central Airlines, Inc. into Frontier. Plaintiff recovered a judgment on behalf of Frontier of $7...

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