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LEWIS v. ODELL

No. 1048, Docket 73-2531.

503 F.2d 445 (1974)

Harry LEWIS, Plaintiff-Appellant, v. Robert S. ODELL et al., Defendants, and Howard Butcher III et al., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided September 24, 1974.

Attorney(s) appearing for the Case

Bennett Frankel, New York City, for plaintiff-appellant.

Edward W. Keane, New York City (Lawrence W. Nelson and Sullivan & Cromwell, New York City, on the brief), for defendants-appellees.

Before LUMBARD, HAYS and TIMBERS, Circuit Judges.

HAYS, Circuit Judge:

Appellant commenced this action alleging that appellee Butcher, while a director of Penn Central Company, used material inside information for the benefit of himself, the brokerage firm of Butcher & Sherrerd, of which he is a partner, and its customers, and International Utilities Corporation, of which he was also a director. Appellant seeks recovery on behalf of Penn Central and its railroad subsidiary, Penn Central Transportation Company...

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