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SECURITIES AND EXCHANGE COM'N v. GEON INDUSTRIES, INC.

No. 74 Civ. 1496.

381 F.Supp. 1063 (1974)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. GEON INDUSTRIES, INC., et al., Defendants.

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

September 20, 1974.

Attorney(s) appearing for the Case

Benjamin Zelermyer, New York City, for defendant Rauch.

Borden & Ball, New York City, for defendants Alpert.

Wallace L. Timmeny, W. Michael Drake, Michael F. Perlis, Richard J. Rubin, Washington, D. C., for plaintiff Securities and Exchange Commission.

Kaye, Scholer, Fierman, Hays & Handler, New York City, for defendants Geon, Neuwirth and Bloom; Jay G. Strum, Lewis J. Korman, New York City, of counsel.

Mark H. Berger, P. C., New York City, for defendant James McMahon.

Delson & Gordon, New York City, for defendant Edwards & Hanly; Evan L. Gordon, New York City, of counsel.

OPINION

BONSAL, District Judge.

Plaintiff, Securities and Exchange Commission ("SEC"), instituted this action pursuant to section 20(b) of the Securities Act of 1933 ("the Securities Act") (15 U.S.C. § 77t(b)) and section 21(e) of the Securities Exchange Act of 1934 ("the Exchange Act") (15 U.S.C. § 78u(e)) on April 2, 1974, seeking a preliminary and permanent injunction against alleged violations by the defendants of the federal securities laws...

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