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ARKANSAS NAT. GAS CORP. v. SECURITIES AND EXCH. COM'N

No. 11052.

154 F.2d 597 (1946)

ARKANSAS NATURAL GAS CORPORATION v. SECURITIES AND EXCHANGE COMMISSION.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied May 15, 1946.

Attorney(s) appearing for the Case

Henry C. Walker, Jr., of Shreveport, La., and John O. Wicks, of Pittsburgh, Pa., for petitioner.

Roger S. Foster, Sol., Securities and Exchange Commission, of Philadelphia, Pa., for respondent.

Before SIBLEY, HOLMES, and McCORD, Circuit Judges.

SIBLEY, Circuit Judge.

Under Section 11 of the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79k, the Securities & Exchange Commission required simplification of the vast public-utility holdings of Cities Service Company, among other things, divesting itself of Arkansas Natural Gas Corporation, also a large holding company; and in turn, ordered the Arkansas Natural Gas Corporation to divest itself of its subsidiary companies engaged mainly in...

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