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POTTISH v. DIVAK

71 F.Supp. 737 (1947)

POTTISH v. DIVAK et al.

District Court, S. D. New York.

March 25, 1947.

Attorney(s) appearing for the Case

Arthur Newman and Nathan B. Kogan, both of New York City, for plaintiff.

H. Victor Schwimmer, of New York City, for defendant Divak.

Satterlee, Warfield & Stephens, of New York City, for defendant Robert Reis & Co.

LEIBELL, District Judge.

The plaintiff herein, the owner and holder of 200 shares of the common stock of the defendant Robert Reis & Co., brought an action against the defendant Divak pursuant to Section 16(b)1 of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p (b), to recover certain profits realized by the defendant Divak by engaging in "short swing" transactions in the securities of the defendant, Robert Reis & Co...

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