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DOTTENHEIM v. EMERSON ELECTRIC MFG. CO.

Civil Action No. 7072.

77 F.Supp. 306 (1948)

DOTTENHEIM et al. v. EMERSON ELECTRIC MFG. CO.

District Court, E. D. New York.

April 16, 1948.

Attorney(s) appearing for the Case

Milton Pollack, of New York City, for plaintiff Dottenheim.

Crawford & Parsons, of New York City (J. Lester Parsons, Jr. and H. Victor Crawford, both of New York City, of counsel), for defendant.

GALSTON, District Judge.

The plaintiff, Dottenheim, sues alleging that he was and is a stockholder of the defendant. His claim is that W. Stuart Symington was the president and a director of the defendant, and that within a period of six months, ending on December 18, 1944, Symington purchased 20,000 shares of the common stock of the defendant at a price of $4 a share, and sold 4,000 of such shares, realizing a profit of $57,872. It is alleged that under the Securities...

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