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LEWIS v. REALTY EQUITIES CORPORATION OF NEW YORK

No. 69 Civ. 5523.

373 F.Supp. 829 (1974)

Harry LEWIS, Plaintiff, v. REALTY EQUITIES CORPORATION OF NEW YORK and First National Realty & Construction Corp., Defendants.

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

March 25, 1974.

Attorney(s) appearing for the Case

Louis Kipnis, New York City, for plaintiff.

Shea, Gould, Climenko & Kramer, New York City, for defendants.

MEMORANDUM OPINION

ROBERT L. CARTER, District Judge.

Harry Lewis, a stockholder in First National Realty & Construction Corp. ("FNR") brought this action on behalf of and for the benefit of the corporation to recover short-swing profits which defendant Realty Equities Corporation ("REC" or "defendant") allegedly realized by purchasing and selling FNR stock within a six-month period in violation of Section 16(b) of the Securities Exchange Act of 1934...

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