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MORALES v. GREAT AM. CORP.

Civ. A. No. 75-179.

445 F.Supp. 869 (1978)

Richard MORALES v. GREAT AMERICAN CORPORATION, J. Clifford Ourso, Sr., and Max Pace.

United States District Court, M. D. Louisiana.

February 10, 1978.

Attorney(s) appearing for the Case

David Lopez, New York City, James C. Lopez, Glusman, Moore, Lopez & Wilkinson, Baton Rouge, La., for plaintiff.

Campbell C. Hutchinson, Stone, Pigman, Walther, Wittmann & Hutchinson, New Orleans, La., for Great American Corp.

James S. Holliday, Jr., McCollister, Belcher, McCleary, Fazio, Mixon, Holliday & Jones, Baton Rouge, La., Anthony J. Correro, III, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, New Orleans, La., for J. Clifford Ourso and Max Pace.

E. GORDON WEST, District Judge:

This action is purportedly brought by the plaintiff, Richard Morales, a shareholder of the defendant, Great American Corporation (GAC), on behalf of GAC and for the benefit of its stockholders, to compel the individual defendants, J. Clifford Ourso, Sr. and Max Pace, to account for profits allegedly realized by them from the purchase and sale of stock in contravention of Section 16(b) of the Securities Exchange Act of 1934, as amended...

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