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SECURITIES AND EXCHANGE COM'N v. GLASS MARINE INDUSTRIES

Civ. A. No. 2276.

194 F.Supp. 879 (1961)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. GLASS MARINE INDUSTRIES, INC., a Delaware corporation, Defendant.

United States District Court D. Delaware.

June 6, 1961.

Attorney(s) appearing for the Case

John J. Enright, and John W. Vogel, Chicago, Ill., for Securities and Exchange Commission.

H. James Conaway, Jr. (Morford, Young & Conaway), Wilmington, Del., and Lawrence A. Coles, Jr. (Thompson, Raymond, Mayer, Jenner & Bloomstein), Chicago, Ill., for defendant.

Hayden Leason, Intervenor, pro se.

Arthur J. Sullivan (Morris, James, Hitchens & Williams), Wilmington, Del., and Saul S. Nevins, New York City, for Special Intervenor, Lancer Industries, Inc.

LEAHY, Senior District Judge.

The Securities and Exchange Commission sues Glass Marine Industries, Inc., a Delaware corporation for violating the Securities Acts of 1933 and 1934.1 At trial plaintiff made a blanket offer of 260 documentary exhibits and 27 depositions containing 4700 pages of testimony. The offer did not disclose the specific purpose for which the writings were offered. Further, plaintiff did not articulate against which...

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