Feder v. Martin Marietta Corp.,

406 F.2d 260 (2nd 1969), cert. denied, 396 U.S. 1036 (1970)

Facts

P filed an action under 16(b) for short-swing profits on the purchase and sale of Sperry stock by Martin (D) by George Bunker, the president and CEO of D, when he was deputized by D when he served on the Sperry board. The trial court found no deputization and dismissed the complaint.