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SECURITIES COMM'N v. CHENERY CORP.

No. 254.

318 U.S. 80 (1943)

63 S.Ct. 454

87 L.Ed. 626

SECURITIES AND EXCHANGE COMMISSION v. CHENERY CORPORATION ET AL.

Supreme Court of United States.

Decided February 1, 1943.

Attorney(s) appearing for the Case

Mr. Chester T. Lane, with whom Solicitor General Fahy and Messrs. Richard S. Salant, John F. Davis, Homer Kripke, and Theodore L. Thau were on the brief, for petitioner.

Mr. Spencer Gordon for respondents.

Mr. Allen S. Hubbard was on a brief for the Federal Water and Gas Corporation, respondent.

MR. JUSTICE FRANKFURTER delivered the opinion of the Court.

The respondents, who were officers, directors, and controlling stockholders of the Federal Water Service Corporation (hereafter called Federal), a holding company registered under the Public Utility Holding Company Act of 1935, c. 687, 49 Stat. 803, 15 U.S.C. § 79, brought this proceeding under § 24(a) of the Act to review an order made by the Securities and Exchange Commission on September 24,...

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