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SUNDSTRAND CORP. v. STANDARD KOLLSMAN INDUSTRIES, INC.

Nos. 72-1426, 72-1427.

488 F.2d 807 (1973)

SUNDSTRAND CORPORATION, a Delaware corporation, Plaintiff-Appellant, v. STANDARD KOLLSMAN INDUSTRIES, INC., an Illinois corporation, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided October 18, 1973.

Rehearing Denied November 8, 1973.

Attorney(s) appearing for the Case

W. Donald McSweeney, Chicago, Ill., Richard M. Schilling, Rockford, Ill., for Sundstrand Corp.

Frank F. Fowle, Paul E. Freehling, Pope, Ballard, Shepard & Fowle, Chicago, Ill., for Standard Kollsman Industries, Inc., and John Huarisa.

Albert E. Jenner, Jr., Donald R. Harris, Lynne E. McNown, Jenner & Block, Chicago, for Henry W. Meers.

Before SWYGERT, Chief Judge, KILEY and CUMMINGS, Circuit Judges.

SWYGERT, Chief Judge.

Appeal No. 72-1426 arises out of an action brought by Sundstrand Corporation to secure redress for alleged violations of Section 10(b) of the Securities Exchange Act of 19341 and the related Rule 10b-52 by Standard Kollsman Industries, Inc. (SKI), John B. Huarisa, and Henry W. Meers in connection with the transfer to Sundstrand of an option held by Huarisa to purchase stock of SKI. Sundstrand...

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