COLAN v. MONUMENTAL CORP.

No. 81 C 2695.

524 F.Supp. 1023 (1981)

David COLAN, Plaintiff, v. MONUMENTAL CORPORATION, Kaufman and Broad, Inc., Sun Life Group, Inc., and Sun Life Insurance Company of America, Defendants.

United States District Court, N. D. Illinois, E. D.

October 5, 1981.


Attorney(s) appearing for the Case

David Colan, pro se.

David Apter, Kantor & Apter, Ltd., Donald Harris, Jenner & Block, Chicago, Ill., for defendants.


MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Plaintiff David Colan instituted this derivative action on behalf of Monumental Corporation ("Monumental") against defendants Kaufman and Broad, Inc., Sun Life Group, Inc., and Sun Life Insurance Co. of America ("the K & B Defendants") pursuant to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) ["Section 16(b)"]. This suit seeks recovery of "short-swing profits" which plaintiff...

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