Court of Appeals for the Seventh Circuit August 4, 1983, No. 83-1204 (Colan v. Monumental Corp.)

PELL, Circuit Judge.

Plaintiff filed this derivative action on behalf of nominal defendant Monumental Corporation to recover short-swing profits allegedly made by the remaining defendants (K & B defendants) in violation of § 16(b) of the Securities Exchange Act of 1934,15 U.S.C. § 78p(b). The district court, in a thorough written opinion, granted the K & B defendants’ motion for summary judgment.