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ASHLAND OIL AND REFINING COMPANY v. NEWMAN

Civ. No. 30558.

163 F.Supp. 506 (1957)

ASHLAND OIL AND REFINING COMPANY, Plaintiff, v. F. R. NEWMAN, Defendant.

United States District Court N. D. Ohio, E. D.

May 22, 1957.

Attorney(s) appearing for the Case

John Lansdale, Jr., Cleveland, Ohio, for plaintiff Ashland Oil & Refining Co.

Harrison, Spangenberg & Hull, Cleveland, Ohio, for plaintiff Ferraiolo.

James A. Weeks, Cleveland, Ohio, Louis Loss, Cambridge, Mass., for defendant.

JONES, Chief Judge.

In view of the already heavy volume of cases assigned for hearing and trial, it has not been convenient to grant oral argument on the motions in this case.

This is an action under Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. §§ 78p (a) and 78p (b), brought by a corporation to recover from one of its directors profits made by him on the "short swing"...

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