United States Eighth Circuit

Under section 16(b) of the Securities Act of 1934, 15 USC 78p(b), a holder of an option that allows it to acquire more than 10 percent of common stock when the price falls to a certain level, is a "beneficial owner."

Appellate Information

• Decided 08/03/2001
• Published 08/03/2001

Judges

• WOLLMAN, Chief Judge., Before WOLLMAN, Chief Judge, HAMILTON, and MURPHY, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Joseph Zelmanovitz, argued, New York City (Harvey Eckart, St. Paul, MN, on the brief), for appellant.


• For Appellees:
  
• Gregory J. Schaefer, argued, Minneapolis, MN (Duana J. Grage, on the brief), for appellee.