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STERMAN v. FERRO CORP.

No. 84-3632.

785 F.2d 162 (1986)

Harry STERMAN; Etta K. Steiner, Plaintiffs-Appellants, v. FERRO CORPORATION; Albert Bersticker; Willard W. Brown; James M. Dawson; Robert N. Ginn; Clyde A. Macfie; Donald E. Noble; Kevin O'Donnell; Henry G. Piper; Adolph Posnick; Robert Roy White; and Crane Company, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided March 10, 1986.

Attorney(s) appearing for the Case

Alan L. Melamed, Beachwood, Ohio, Mark M. Rottenberg, Jeffrey G. Smith, Daniel W. Krasner (argued), New York City, for plaintiffs-appellants.

Phillip A. Contreras, Cleveland, Ohio, for Ferro Corp.

James A. Smith (argued), James P. Murphy, Frank DiPiero, Squire, Sanders & Dempsey, Richard Cusick, Robert N. Rapp, Calfee, Halter & Griswold, Cleveland, Ohio, for defendants-appellees.

Before ENGEL and KRUPANSKY, Circuit Judges, and GIBBONS, District Judge.

KRUPANSKY, Circuit Judge.

Plaintiffs/appellants Harry Sterman and Etta K. Steiner (plaintiffs) appealed from the district court order granting a summary judgment in favor of the defendants, which dismissed plaintiffs' derivative claim for recovery of short swing profits under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b).1

The facts giving rise to this cause...

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