At Home Corp. v. Cox Communications 16b case At Home Corp. v. Cox Communications, Inc., No. 05-0115 (2d Cir. April 28, 2006)
Dismissal of action under section 16(b) of the Securities Exchange Act of 1934 is affirmed over claims that: 1) a section 16(b) sale occurs at exercise for a hybrid option containing both fixed and floating price components; and 2) if sale occurs when the option is granted, it should be matched with the insider's subsequent acquisition of third-party companies which owned warrants to purchase the issuer's stock.