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SECURITIES & EXCH. COM'N v. VARIABLE ANNUITY L. INS. CO.

Civ. No. 2549-56.

155 F.Supp. 521 (1957)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff and National Association of Securities Dealers, Inc., Intervenor-Plaintiff v. THE VARIABLE ANNUITY LIFE INSURANCE COMPANY OF AMERICA, Defendant The Equity Annuity Life Insurance Company, Intervenor-Defendant.

United States District Court District of Columbia.

September 3, 1957.

Attorney(s) appearing for the Case

Thomas G. Meeker, General Counsel for SEC, Washington, D. C., Daniel J. McCauley, Assoc. Gen. Counsel, Philadelphia, Pa., Myer Feldman, New York City, Special Counsel for SEC, Pace Reich, Philadelphia, Pa., for plaintiff Securities and Exchange Commission.

John H. Dorsey, Bolling R. Powell, John W. Lindsey, Blum, Lindsey & Powell, Washington, D. C., for intervenor-plaintiff.

James M. Earnest and George R. Jacobi, Washington, D. C., Roy W. McDonald, Donovan Leisure, Newton & Irvine, New York City, for defendant The Variable Annuity Life Ins. Co. of America.

Brookhart, Becker & Dorsey, Benjamin H. Dorsey, Washington, D. C., for defendant-Intervenor The Equity Annuity Life Ins. Co.

WILKIN, District Judge.

This case came on for trial and was submitted on the pleadings, stipulations, evidence and briefs. Jurisdiction is based on 15 U.S.C.A. § 77a et seq., and § 80a-1 et seq. The defendants are chartered life insurance companies in the District of Columbia. The Equity Annuity Life Insurance Company, on its own motion, was made an intervenor-defendant. The National Association of Securities Dealers, Inc., (organized under 15 U.S.C.A. ...

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