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LEWIS v. REALTY EQUITIES CORPORATION OF NEW YORK

No. 69 Civ. 5523.

396 F.Supp. 1026 (1975)

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.

May 21, 1975.

Attorney(s) appearing for the Case

Kaufman, Taylor, Kimmel & Miller, New York City, for plaintiff.

Raymond F. Gregory, New York City, for defendant Realty Equities Corp.

OPINION

ROBERT L. CARTER, District Judge.

Plaintiff, a shareholder of First National Realty & Construction Corporation ("FNR"), brought this action pursuant to § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), to recover short-swing profits which defendant Realty Equities Corporation ("REC") allegedly realized from a purchase and sale of FNR stock within a six-month period. The court granted plaintiff's motion for summary...

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