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- Title
SECURITIES REGULATION--Foremost-McKesson, Inc. v. Provident Securities Co.
- Authors
Johnson, Leonard J.
- Abstract
Analyzes the United States Supreme Court's decision to adopt an alternative construction of the exemption provision in Section 16(b) of the Securities Exchange Act of 1934. Background on the case involving Foremost-McKesson Inc. versus Provident Securities Co.; Suggestion that the broad policy considerations underling Section 16(b) justify the imposition of liability for profits derived on a short-swing transaction.
- Subjects
UNITED States; SECURITIES; STOCKS (Finance); SECURITIES industry laws; UNITED States. Supreme Court; FOREMOST-McKesson Inc.; PROVIDENT Securities Co.
- Publication
Journal of Corporation Law, 1976, Vol 1, Issue 3, p625
- ISSN
0360-795X
- Publication type
Article