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SILVERMAN v. LANDA

200 F.Supp. 193 (1961)

Bertha SILVERMAN, Plaintiff, v. Alfons LANDA and Fruehauf Trailer Company, Defendants.

United States District Court S. D. New York.

December 27, 1961.

Attorney(s) appearing for the Case

Rosenfeld & Silverman, New York City, for plaintiff.

Conboy, Hewitt, O'Brien & Boardman, New York City, Marvin F. Hartung, Eugene J. T. Flanagan, Donald Fried, New York City, of counsel, for defendant Alfons Landa.

Thomas E. O'Callaghan, New York City, for defendant Fruehauf Trailer Co.

THOMAS F. MURPHY, District Judge.

Cross motions for summary judgment raise novel and important questions of law under Sections 16(b) and 16(c) of the Securities Exchange Act of 1934 (15 U.S.C.A. §§ 78p(b) and (c), arising from the issuance by an insider of "Put" and "Call" options.

There is no dispute as to the facts. Plaintiff is a shareholder of Fruehauf Trailer Company (Fruehauf) and brings this action both derivatively on behalf of Fruehauf and...

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