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SECURITIES AND EXCHANGE COM'N v. ARVIDA CORPORATION

169 F.Supp. 211 (1958)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ARVIDA CORPORATION, Arthur Vining Davis, Milton N. Weir, Carl M. Loeb, Rhoades & Company, a partnership, Stanley R. Grant, Clifford W. Michel, Dominick & Dominick, a partnership, Gardner D. Stout, Defendants.

United States District Court S. D. New York.

December 12, 1958.

Attorney(s) appearing for the Case

Thomas G. Meeker, Washington, D. C., Gen. Counsel of Commission, Paul Windels, Jr., New York City, Regional Director of New York Regional Office, Edward Schoen, Jr., Assoc. Regional Adm'r of New York Regional Office, New York City, Joseph B. Levin, Washington, D. C., Asst. Gen. Counsel of Commission, for plaintiff.

Cahill, Gordon, Reindel & Ohl, New York City, John T. Cahill, New York City, John Monaghan, Paul W. Williams, and John Richardson, New York City, of Counsel, for defendants.

NOONAN, District Judge.

The Securities and Exchange Commission ("the Commission") having on September 22, 1958, filed a complaint alleging that the defendants were engaged and about to engage in acts and practices which constitute violations of Section 5(c) of the Securities Act of 1933, as amended, ("the Securities Act") 15 U.S. C.A. § 77e(c), and praying for preliminary and permanent injunctions pursuant to Section 20(b) of the Securities Act, 15 U.S.C.A. ...

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