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COLEMA REALTY CORP. v. BIBOW

Civ. No. H-82-430.

555 F.Supp. 1030 (1983)

COLEMA REALTY CORPORATION v. Rolf D. BIBOW, Stillman B. Brown, Richard Coar, Francois Jaulin, Frank W. McAlbee, Jr., William Missimer, Jr., Nathaniel B. Morse, Donald Nigro, Peter L. Scott, Dale W. Van Winkle, Arthur Wegner, George E. Williams, Charles B. Preston, Raymond D'Argenio, Joseph A. Biernat, Ralph A. Weller and United Technologies Corporation.

United States District Court, D. Connecticut.

February 9, 1983.

Attorney(s) appearing for the Case

Morris J. Levy, Levy & Levy, New York City, for plaintiff.

Ralph C. Dixon, Day, Berry & Howard, Hartford, Conn., Arnold Bauman, Shearman & Sterling, New York City, for defendants.

RULING ON MOTION FOR SUMMARY JUDGMENT

CLARIE, Senior District Judge.

This case is presently before the Court on the defendants' Motion for Summary Judgment and involves a series of stock transactions which were engaged in by several executive officers of United Technologies Corporation ("UTC"). The plaintiff brings this stockholder's derivative action under Section 16(b) of the Securities Exchange Act of 1934 to recover the profits of these transactions...

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