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NATIONAL WESTMINSTER BANCORP NJ v. LEONE

Civ. A. No. 88-2000.

702 F.Supp. 1132 (1988)

NATIONAL WESTMINSTER BANCORP NJ, Plaintiff, v. Rita Girolamo LEONE, Dr. Armand Leone, Peter Leone, Ri-Arm Corp. and Pam Associates, Defendants.

United States District Court, D. New Jersey.

November 7, 1988.

Attorney(s) appearing for the Case

Cole, Schotz, Bernstein Meisel & Forman, P.A., Morrill J. Cole, Hackensack, N.J., for defendants.

James R. Van Horn, Jersey City, N.J., for plaintiff.

OPINION

SAROKIN, District Judge.

In this action brought under Section 16(b) of the Securities and Exchange Act of 1934 ("1934 Act"), 15 U.S.C. Sec. 78p(b), for alleged "short-swing" profits realized by defendants, defendants move for summary judgment. Plaintiff cross-moves for partial summary judgment.

BACKGROUND

Plaintiff National Westminster Bancorp NJ ("Natwest NJ"), formerly known as First Jersey National Corporation ("First Jersey...

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