Richard Morales v. Quintel Entertainment, Inc. And Peter Stolz

U.S. Court of Appeals, Second Circuit · Decided 2001-05-02

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From the opinion

CARDAMONE, Circuit Judge: This appeal presents important issues relating to “short-swing” trading under § 16(b) of the Securities Exchange Act of 1934 (Exchange Act), 15 U.S.C. § 78p(b) (1994). 1 Because defendant Peter Stolz concededly does not own in his name ten percent or more of the stock in which he, as an insider…

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