FRANCIS J. W. FORD, District Judge.
This is an action under § 16 of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b) to recover alleged "insider profits" made by defendants on the sale of certain shares of stock of plaintiff corporation. There is no dispute as to the relevant facts and both sides have moved for summary judgment.
In January, 1959 plaintiff acquired 80% of the outstanding shares of Bomac Laboratories, Inc. Most of these shares...
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