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T-BAR INC. v. CHATTERJEE

No. 87 Civ. 1331 (JEL).

693 F.Supp. 1 (1988)

T-BAR INCORPORATED, Plaintiff, v. Purnendu CHATTERJEE and John Beall & Co., Defendants.

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

As Amended August 23, 1988.

Attorney(s) appearing for the Case

Cooper Cohen Singer & Ecker, by Barry Singer, New York City, for plaintiff.

Willkie Farr & Gallagher, by Brian E. O'Connor, Stephen Greiner, Susan E. Amron, New York City, for defendants.

OPINION

LUMBARD, Circuit Judge:*

T-Bar, Inc. brings suit under section 16(b) of the Securities Exchange Act, 15 U.S.C. § 78p, to recover short-swing profits from Purnendu Chatterjee and John Beall & Co. for their transactions in T-Bar securities from October 3, 1986 through December 30, 1986. Plaintiff seeks to compel defendants to disgorge $748,310.30 of alleged short-swing profits, a "premium" of $156,250, interest...

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