HEUBLEIN, INC. v. GENERAL CINEMA CORP.

No. 82 Civ. 6751 (WCC).

559 F.Supp. 692 (1983)

HEUBLEIN, INC., Plaintiff, v. GENERAL CINEMA CORPORATION, Defendant.

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

March 9, 1983.


Attorney(s) appearing for the Case

White & Case, New York City, for plaintiff; Thomas McGanney, Vincent R. Fitzpatrick, Jr., Margaret Murphy, New York City, of counsel.

Skadden, Arps, Slate, Meagher & Flom, New York City, for defendant; Robert E. Zimet, Linda Meisler, New York City, of counsel.


OPINION AND ORDER

CONNER, District Judge:

This is an action under § 16(b) of the Securities Exchange Act of 1934 (the "Act"), 15 U.S.C. § 78p(b),1 to recover short-swing profits made by defendant General Cinema Corporation ("General Cinema"). Plaintiff Heublein, Inc. ("Heublein") alleges that defendant earned approximately $74 million in profits from its trading in the stock of Heublein, Inc. ("Old Heublein"), of which...

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