FREDERICK van PELT BRYAN, District Judge.
This case involves the construction and application of Section 16(b) of the Securities and Exchange Act of 1934, 15 U.S.C.A. § 78p(b), which provides that short-swing profits in the securities of a corporation made by "insiders" are recoverable for the benefit of the corporation.
Here a stockholder of Air-Way Industries, Inc., a Delaware corporation, hereafter referred to as "Air-Way", sues under Section 16(b...
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