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PORTNOY v. TEXAS INTERN. AIRLINES, INC.

No. 81-1031.

678 F.2d 695 (1982)

Leo P. PORTNOY, Plaintiff-Appellant, v. TEXAS INTERNATIONAL AIRLINES, INC., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 14, 1982.

Attorney(s) appearing for the Case

Jerrold M. Shapiro, Chicago, Ill., for plaintiff-appellant.

Joan M. Hall, Jenner & Block, Chicago, Ill., for defendants-appellees.

Before CUMMINGS, Chief Judge, MARKEY, Chief Judge, and POSNER, Circuit Judge.

CUMMINGS, Chief Judge.

This Portnoy's Complaint asserts that he is a stockholder of Texas International Airlines (TIA) and that under Section 16(b) of the Securities Exchange Act of 1934,1 TIA ought to recover short-swing profits supposedly realized by defendants National Aviation & Technology Corporation, GATX Aircraft Corporation, and MEI Corporation. Portnoy brought this suit on behalf...

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