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SECURITIES & EXCHANGE COM'N v. GOLCONDA MINING CO.

No. 65 Civil 1512.

327 F.Supp. 257 (1971)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. GOLCONDA MINING COMPANY and Harry F. Magnuson, Defendants.

United States District Court, S. D. New York.

May 27, 1971.

Attorney(s) appearing for the Case

Frederick B. Boyden, New York City, trustee.

Kevin Thomas Duffy, Regional Admr., Securities and Exchange Commission, New York City, David Ferber, Sol., Richard E. Nathan, Sp. Counsel, Michael A. Macchiaroli, Atty., Securities and Exchange Commission, Washington, D. C., for plaintiff.

Paul, Weiss, Goldberg, Rifkind, Wharton & Garrison, New York City, for defendant, Golconda Mining Co., Theodore W. Striggles, New York City, of counsel.

Whitman & Ransom, New York City, for defendant, Harry F. Magnuson, Robert S. Newman, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

On October 30, 1969, a consent judgment was entered under which, among other matters, the defendants were enjoined from future violations of the anti-fraud provisions of the federal securities laws. The action had been commenced by the Securities and Exchange Commission, based upon transactions engaged in by the defendants as corporate insiders in the securities of Hecla Mining Company and Lucky Friday Silver-Lead...

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