Court of Appeals for the Second Circuit April 2, 1956, No. 275, Docket 23904 (Magida v. Continental Can Co.)

CLARK, Chief Judge. !

This is an action under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), for recovery of short-swing profits claimed to be due The Vulcan Detinning Company on a purchase and sale of its common stock by Continental Can Company, Inc., owner of more than 10 per cent of Vulcan’s equity securities.