U.S. Court of Appeals for the Sixth Circuit
John Olagues v. Ward Timken, Jr.
Panel
The judges who heard this appeal.
- Senior Judge John M. Rogers
- Judge Raymond M. Kethledge
- Judge John Baylor Nalbandian
Case history
-
Nov. 14, 2018decided Decision issued in John Olagues v. Ward Timken, Jr.
Opinions and writings
NALBANDIAN, Circuit Judge. John Olagues is a self-proclaimed stock options expert, travelling the country to file claims under § 16(b) of the Securities and Exchange Act of 1934. Under § 16(b), a shareholder can bring an insider trading action to disgorge "short-swing" profits that an insider obtained improperly. But there is a catch. Although the shareholder can bring the lawsuit, any…