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MORALES v. HOLIDAY INNS, INC.

No. 73 Civ. 1652 MIG.

366 F.Supp. 760 (1973)

Richard MORALES, Plaintiff, v. HOLIDAY INNS, INC., et al., Defendants.

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

November 12, 1973.

Attorney(s) appearing for the Case

David Lopez, New York City, for plaintiff.

Cadwalader, Wickersham & Taft, New York City, for defendants.

GURFEIN, District Judge:

Plaintiff, a shareholder of Holiday Inns, Inc., brings this action pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, 15 U. S.C. § 78p(b) (the "Act"), on behalf of Holiday Inns (the "Company"), to recover short-swing profits allegedly realized by each of the three individual defendants, Hugh Jones, W. Talmage Roane and DeWitt William Cudd. The action against Cudd is conceded to be based on a mistaken set of...

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