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SECURITIES & EXCHANGE COMMISSION v. LONG ISLAND L. CO.

No. 4606.

59 F.Supp. 610 (1944)

SECURITIES AND EXCHANGE COMMISSION v. LONG ISLAND LIGHTING CO.

District Court, E. D. New York.

December 21, 1944.

Attorney(s) appearing for the Case

David K. Kadane, Harry G. Slater and Solomon Freedman, all of Philadelphia, Pa. (Morton E. Yohalem, of New York City, of counsel), for plaintiff.

Unger & Pollack, of New York City (Milton Pollack, of New York City, of counsel), for preferred stockholders.

Charles C. Blakeslee, of New York City (Harold R. Medina, of New York City, of counsel), for defendant.

William J. Lockwood, attorney for New York Curb Exchange, appearing specially.

KENNEDY, District Judge.

The plaintiff, Security and Exchange Commission, applies for a temporary injunction restraining the defendant, its agents, servants and employees, from "directly or indirectly consummating or carrying out, or taking any action or steps to consummate or carry out or effectuate", a certain plan of reorganization readjusting the rights of its preferred and common stockholders.

The prayer for relief plainly states that the temporary injunction...

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