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DATA ACCESS SYSTEMS, INC. v. STATE

117 N.J. Super. 95 (1971)

283 A.2d 750

DATA ACCESS SYSTEMS, INC., A NEW JERSEY CORPORATION, RESPONDENT-APPELLANT, v. THE STATE OF NEW JERSEY, BUREAU OF SECURITIES, GEORGE F. KUGLER, JR., ATTORNEY GENERAL OF THE STATE OF NEW JERSEY AND JOSEPH F. KRUPSKY, CHIEF, BUREAU OF SECURITIES, PLAINTIFFS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided November 9, 1971.

Attorney(s) appearing for the Case

Mr. John B.M. Frohling argued the cause for appellant (Messrs. Sharkey & Brandt, on the brief).

Mr. Charles Parker, Deputy Attorney General, argued the cause for respondents (Mr. Joseph Charles, Deputy Attorney General, on the brief; Mr. George F. Kugler, Jr., Attorney General of New Jersey, attorney).

Before Judges SULLIVAN, LEONARD and CARTON.

The opinion of the court was delivered by SULLIVAN, P.J.A.D.

This appeal, in the main, involves the issue of whether the State of New Jersey, acting through its Bureau of Securities, has jurisdiction over an offering of capital stock by a New Jersey corporation when such offering is covered by a registration statement filed with the Securities and Exchange Commission under the Federal Securities Act of 1933.

Data Access Systems, Inc., a New Jersey corporation...

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