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UNITED STATES v. SAPORTA

No. 66-CR-425.

270 F.Supp. 183 (1967)

UNITED STATES of America v. Benjamin SAPORTA, Howard Cohen, Eugene Freiman, Herbert Patlis, Albert Wasserman, Stanley Weiss, Martin Lasher, Robert Schwartz and Robert B. Edens, Defendants.

United States District Court E. D. New York.

June 13, 1967.

Attorney(s) appearing for the Case

Joseph P. Hoey, U. S. Atty. Eastern District of New York, for United States of America; George L. Barnett, Asst. U. S. Atty., of counsel.

Jon H. Hammer, New York City, for defendants Saporta, Cohen and Wasserman.

Shea, Gallop, Climenko & Gould, New York City, for defendant Lasher; Milton S. Gould, Ronald H. Alenstein, New York City, of counsel.

BARTELS, District Judge.

Defendants in this case are charged with violations of anti-fraud provisions of Section 17 of the Securities Act of 1933 (Act), [15 U.S.C.A. § 77q(a)], in connection with the offer and sale of the stock of Precision Metal Products, Inc. (Precision). The first 17 counts of the indictment charge all of the defendants with violations of Section 17 of the Act. Count 18, however, charges only the defendants Robert B. Edens (Edens) and Robert...

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