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SECURITIES AND EXCHANGE COMMISSION v. TIMETRUST, INC.

Civil Action No. 21,180-S.

39 F.Supp. 145 (1940)

SECURITIES AND EXCHANGE COMMISSION v. TIMETRUST, Inc., et al.

District Court, N. D. California, S. D.

December 13, 1940.

Attorney(s) appearing for the Case

E. Forrest Tancer, of San Francisco, Cal., and J. Leonard Townsend and Thomas A. Schwartz, both of Washington, D. C., for Securities and Exchange Commission.

Dreher, McClellan & McCarthy, of San Francisco, Cal., for A. P. Giannini.

Keyes & Erskine, of San Francisco, Cal., for L. Mario Giannini.

Bacigalupi, Elkus & Salinger, of San Francisco, Cal., for Timetrust, Inc., Meredith Parker, and Ralph W. Wood.

Gumpert & Mazzera, of Stockton, Cal., for H. E. Blanchett.

Keyes & Erskine, of San Francisco, Cal., for Bank of America, etc.

John L. McNab, of San Francisco, Cal., for John M. Grant.

SAMES, District Judge.

The issues upon which this case was tried before the court sitting without a jury are all raised and set forth in the complaint of the Commission and the answers of the several defendants thereto and need not here be reiterated. There is no occasion to outline here the testimony which extends over four thousand pages of the transcript, exclusive of the exhibits in evidence. Briefs of counsel for the respective parties on which the case was submitted...

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