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SECURITIES & EXCH. COM'N v. COMMONWEALTH CHEMICAL SEC., INC.

No. 74 Civ. 1984-LFM.

410 F.Supp. 1002 (1976)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. COMMONWEALTH CHEMICAL SECURITIES, INC., et al., Defendants.

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

March 30, 1976.

Attorney(s) appearing for the Case

William D. Moran, Regional Administrator, S. E. C., New York City, for plaintiff; Franklin D. Ormsten, Charles B. Pearlman, Martin S. Cohen, Robert J. Benowitz, New York City, of counsel.

Schwenke & Devine, New York City, for defendants; Michael C. Devine, David M. Butowsky, New York City, of counsel.

OPINION

MacMAHON, District Judge.

The complaint in this action rambles for some thirty-four pages and alleges violations of ten statutes and six rules of the Securities and Exchange Commission ("SEC") by fifteen defendants. The presentation of the case upon the trial was confused, disjointed, unfocused, incoherent and, at times, incomprehensible. Nor were the post-trial briefs of any assistance whatever in marshalling the evidence and relating it to the...

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