William R. Whittaker, on Behalf of Himself, and of the Estate of Beulah Whittaker v. Whittaker Corporation, a California Corporation, William R. Whittaker, on Behalf of Himself, and of the Estate of Beulah Whittaker v. Whittaker Corporation, a California Corporation

639 F.2d 516 67 A.L.R.Fed. 819, Fed. Sec. L. Rep. P 97,871 William R. WHITTAKER, on behalf of himself, and executor of the estate of Beulah Whittaker, Plaintiff-Appellee, v. WHITTAKER CORPORATION, a California Corporation, Defendant-Appellant. William R. WHITTAKER, on behalf of himself, and executor of the estate of Beulah Whittaker, Plaintiff-Appellant, v. WHITTAKER CORPORATION, a California Corporation, Defendant-Appellee. Nos. 77-2297, 77-2550. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 4, 1979. Decided Feb. 12, 1981. Robert E. Cooper, Gibson, Dunn & Crutcher, Los Angeles, Cal., for defendant-appellant; Martin C. Washton, Los Angeles, Cal., on brief. William T. Bisset, Hughes, Hubbard & Reed, Los Angeles, Cal., for plaintiff-appellee; William H. Levit, Jr., Los Angeles, Cal., on brief. Appeal from the United States District Court for the Central District of California. Before CHAMBERS and TANG, Circuit Judges, and ORRICK, * District Judge. TANG, Circuit Judge: 1 This case involves liability under the insider short-swing trading provisions of the Securities Exchange Act of 1934, § 16, 15 U.S.C. § 78p. The principal questions…