First Page
1101
Abstract
This article considers the problems presented by the application of section 16(b) of the Securities Exchange Act of 1934 to corporate merger transactions. Mr. Hemmer argues that the"matching across" proposal, which has been suggested by some commentators, should not be applied to the merger situation. Instead, the author advocates that the "possibility of abuse" test, which the courts have applied to conversion transactions, should also. be applicable to the corporate merger. Mr. Hemmer feels this approach will prevent the abuses for which section 16(b) was enacted and, at the same time, provide the courts with a flexible test for this complex area.
Recommended Citation
James P. Hemmer,
Insider Liability for Short-Swing Profits Pursuant to Mergers and Related Transactions,
22 Vanderbilt Law Review
1101
(1969)
Available at: https://scholarship.law.vanderbilt.edu/vlr/vol22/iss5/3