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REECE CORP. v. WALCO NAT. CORP.

No. 80 Civ. 3252.

565 F.Supp. 158 (1981)

The REECE CORPORATION, Plaintiff, v. WALCO NATIONAL CORPORATION, Defendant.

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

On Damages June 7, 1983.

Attorney(s) appearing for the Case

Powers & Hall by Andrew C. Bailey, Eric E. Mulloy, William A. Levine, Boston, Mass., Parker, Auspitz, Neesemann & Delehanty by Jack C. Auspitz, New York City, for plaintiff.

Butler, Jablow & Geller by William J. Butler, Stanley Geller, New York City, for defendant.

OPINION

GRIESA, District Judge.

This is an action under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). Plaintiff The Reece Corporation, whose stock is publicly traded on the New York Stock Exchange, seeks to recover alleged short-swing profits realized by defendant Walco National Corporation in connection with the latter's transactions in Reece stock.

Walco moves for summary judgment dismissing the complaint. Reece...

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