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OLAGUES v. TIMKEN

No. 18-3351.

908 F.3d 200 (2018)

John A. OLAGUES, a shareholder of TimkenSteel Corporation, Plaintiff-Appellant, v. Ward TIMKEN, Jr.; Timkensteel Corporation, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: November 14, 2018.

Attorney(s) appearing for the Case

ON BRIEF: Geoffrey J. Ritts , Brandon G. Mordue , JONES DAY, Cleveland, Ohio, Frank A. DiPiero , Kristine Syrvalin , TIMKENSTEEL CORPORATION, Canton, Ohio, for Appellees. John Olagues, River Ridge, Louisiana, pro se.

Before: ROGERS, KETHLEDGE, and NALBANDIAN, Circuit Judges.

ORDER

John Olagues is a self-proclaimed stock options expert, travelling the country to file claims under § 16(b) of the Securities and Exchange Act of 1934. Under § 16(b), a shareholder can bring an insider trading action to disgorge "short-swing" profits that an insider obtained improperly. But there...

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