District Court, S.D. New York December 2, 1977, 76 Civ. 2927-CSH (Morales v. Gould Investors Trust)

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MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

This is an action brought by an individual shareholder of Gould Investors Trust (the “Trust”) on its behalf (although the Trust is a nominal defendant) against three individuals for profits allegedly realized in short-swing sales and purchases in violation of Section 16(b) of the Securities Exchange Act of 1934 (the “Act”), 15 U.S.C.