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CHAMPION HOME BUILDERS CO. v. JEFFRESS

Civ. A. No. 32106.

385 F.Supp. 245 (1974)

CHAMPION HOME BUILDERS CO., a Michigan corporation, Plaintiff, Joseph L. Kramer and Beatrice F. Kramer, Intervenor-Plaintiffs, v. Etson B. JEFFRESS, Defendant.

United States District Court, E. D. Michigan, S. D.

November 26, 1974.

Attorney(s) appearing for the Case

Oscar Markus, Troy, Mich., for plaintiff.

Pomerantz, Levy, Haudek & Block, New York City, Michael C. Kovaleski, Warren, Mich., for intervenor-plaintiffs.

Robert A. Jenkins, Detroit, Mich., James C. Sargent, Whitman & Ransom, New York City, for defendant.

MEMORANDUM OPINION AND ORDER

JOINER, District Judge.

The defendant, Etson B. Jeffress, has been held liable for short swing profits resulting from his sale of 25,000 (50,000 after a split) shares of stock in Champion Home Builders Company ("Champion") on September 12, 1968. He acquired the shares from Champion on April 17, 1968 in exchange for all the shares of Concord Mobile Homes, Inc., ("Concord") which he owned. The Court of Appeals, in Champion Home...

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