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PORTNOY v. XTAL CORP.

No. 85 C 7212.

638 F.Supp. 489 (1986)

Leo P. PORTNOY, Plaintiff, v. XTAL CORPORATION, et al., Defendants.

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

April 6, 1986.

Attorney(s) appearing for the Case

Jerrold M. Shapiro, Chicago, Ill., for plaintiff.

Martha A. Mills, Cotton, Watt, Jones & King, Chicago, Ill., Corey L. Gordon, Frank R. Berman, P.C., Minneapolis, Minn., for defendants.

MEMORANDUM OPINION ON ATTORNEYS FEES

GRADY, Chief Judge.

This is an "insider trading" case in which the plaintiff, Leo P. Portnoy, charged that the defendant, Bert B. Locke, was an "officer" of the defendant XTAL Corporation who made a short swing profit on the purchase and sale of XTAL stock in violation of 15 U.S.C. § 78p(b). Locke bought the stock for $1.04 per share and sold it less than six months later for $7.60 per share, for an alleged short...

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