Jammies Int'l Inc. v. Lazarus U.S. D.C., S.D. N.Y.,

713 F.Supp 83 (1989)

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Nature of the Case

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Facts

Charles Lazarus (D) had been chairman of the board, director and CEO of Toys-R-Us since 1978. In June of 1987, Mrs. Lazarus sold 19,000 shares from her own account of Toys-R-Us stock at approximately $35 per share. In October of 1987, D exercised stock options to buy 1,442,706 shares of Toys-R-Us stock at $0.96 per share.