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LANE BRYANT, INC. v. HATLEIGH CORP.

No. 81 Civ 941.

517 F.Supp. 1196 (1981)

LANE BRYANT, INC., and Norman D. Blotner, Plaintiffs, v. HATLEIGH CORPORATION, Defendant.

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

July 10, 1981.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for plaintiffs; Dennis J. Block, Richard A. Rothman, Surie Rudoff, New York City, of counsel.

Jacobs, Persinger & Parker, New York City, for defendant; I. Michael Bayda, Joshua Levine, New York City, of counsel.

DECISION AND OPINION

MILTON POLLACK, District Judge.

THE COURT: This suit seeks a recovery from a former stockholder of Lane Bryant, Inc. pursuant to Section 16(b) of the Securities and Exchange Act of 1934 on the ground that the defendant during a period of less than six months, and while the beneficial owner of more than 10 percent of the equity common stock of the corporation, realized profits through the purchase and sale of the corporate plaintiff's...

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