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PEYSER v. MEEHAN FUND, INC.

No. 66 Civ. 975.

271 F.Supp. 271 (1967)

Lola A. PEYSER, Plaintiff, v. MEEHAN FUND, INC., Powdrell & Alexander, Inc. and Walworth Company, Defendants.

United States District Court S. D. New York.

August 2, 1967.

Attorney(s) appearing for the Case

Morris J. Levy, New York City, for plaintiff.

Regan, Goldfarb, Powell & Quinn, by John J. Galgay, New York City, for defendants.

OPINION

TYLER, District Judge.

Lola A. Peyser, a stockholder in Walworth Company, moves for summary judgment in this action commenced pursuant to the provisions of Sections 16(b) and 27 of the Securities Exchange Act of 1934, 48 Stat. 896, 902, as amended, 15 U.S.C. §§ 78p(b), 78aa (1964).

From the papers before me, it appears that, during 1963 and 1964, defendants Meehan Fund, Inc., and Powdrell & Alexander, Inc., were corporate "insiders...

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