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EXECUTIVE TELECARD, LTD. v. MAYER

No. 95 Civ. 9641.

941 F.Supp. 435 (1996)

EXECUTIVE TELECARD, LTD., Plaintiff, v. Theodore J. MAYER, Defendant.

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

October 2, 1996.

Attorney(s) appearing for the Case

Ziegler, Ziegler & Altman (Steven Altman and Eric Rosenberg, of counsel), New York City, for Plaintiff.

Robinson Silverman Pearce, Aronsohn & Berman (Herbert Teitelbaum, of counsel), New York City, for Defendant.

OPINION AND ORDER

STANTON, District Judge.

Executive Telecard, Ltd. sues Theodore J. Mayer, claiming that Mayer, a consultant to (and later an employee of) plaintiff, bought and sold plaintiff's stock in violation of sections 16(b) and 16(c) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78p(b) & (c). Defendant moves to dismiss the section 16(c) claim on the ground that there is no private...

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