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SCHUR v. SALZMAN

No. 71 Civ. 2440.

365 F.Supp. 725 (1973)

Joseph Allen SCHUR, Plaintiff, v. Hal A. SALZMAN et al., Defendants.

United States District Court, S. D. New York.

October 9, 1973.

Attorney(s) appearing for the Case

Aranow, Brodsky, Bohlinger, Benetar, Einhorn & Dann, New York City, for plaintiff; Anthony L. Tersigni, Robert E. Helpern, New York City, of counsel.

Bass & Ullman, New York City, for defendant Hal A. Salzman; Milton A. Bass, David Ficksman, New York City, of counsel.

Skadden, Arps, Slate, Meagher & Flom, New York City, for defendant Papercraft Corp.; Henry P. Wasserstein, New York City, of counsel.

EDWARD WEINFELD, District Judge.

This is an action pursuant to section 16(b) of the Securities Act of 19341 to recover "short swing" profits allegedly realized by the defendant Hal A. Salzman in the purchase and sale of shares of stock of Odell, Inc.2 Subsequent to the transactions at issue, Odell was merged into Papercraft Corporation, as a result of which plaintiff, a stockholder of Odell, became a stockholder...

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