United States Second Circuit
EGGHEAD.COM, INC. v. BROOKHAVEN CAPITAL MGMT. CO., LTD., 02-7550
In a derivative action brought under section 16(b) of the Securities Exchange Act of 1934, with respect to short swing transactions in question, plaintiff has no right of recovery because the defendant group did not beneficially own the 10% of plaintiff's shares (the threshold for liability).
Appellate Information
- Decided 08/08/2003
- Published 08/08/2003
Judges
Court
- United States Second Circuit