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WILSON v. COMTECH TELECOMMUNICATIONS CORP.

No. 599, Docket 80-7642.

648 F.2d 88 (1981)

Robert W. WILSON, Plaintiff-Appellant, v. COMTECH TELECOMMUNICATIONS CORP., Fred Kornberg, J. Preston Windus, Jr., Donald R. Campbell, John E. Rosenblum, Milton L. Deever, and Gerard R. Nocita, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided April 29, 1981.

Attorney(s) appearing for the Case

Jack David, New York City (Steven Finell, Nancy F. Brodie, David & Finell, New York City, on the brief), for plaintiff-appellant.

Harry I. Rand, New York City (Amy Adelson, Paul Chessin, Botein, Hays, Sklar & Herzberg, New York City, on the brief), for defendants-appellees.

Before FEINBERG, Chief Judge, OAKES, Circuit Judge, and NEAHER, District Judge.

OAKES, Circuit Judge:

This appeal, dealing with securities regulation, involves both an alleged failure by a corporation and its officers to correct informal financial projections and an alleged violation of the "disclose or abstain" rule relating to insider trading. Suit was brought by appellant Robert W. Wilson, a sophisticated professional investor, who in October 1976 attended a conference with other investors and securities analysts at which one of the appellees...

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