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SELAS CORPORATION OF AMERICA v. VOOGD

Civ. A. No. 72-621.

365 F.Supp. 1268 (1973)

SELAS CORPORATION OF AMERICA v. Jacob VOOGD.

United States District Court, E. D. Pennsylvania.

September 5, 1973.

Attorney(s) appearing for the Case

William C. Bullitt, Lawrence J. Fox, Philadelphia, Pa., for plaintiff.

Edwin P. Rome, Philadelphia, Pa., for defendant.

OPINION

GORBEY, District Judge.

Before the court is plaintiff's motion for summary judgment pursuant to Rule 56 of the Federal Rules of Civil Procedure. This action arises under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b).

The plaintiff is the corporation seeking to recover short term profit from a corporate officer who allegedly traded the corporate stock, contrary to the Securities Exchange Act and the Rules of...

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