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PEOPLES BANK OF DANVILLE v. WILLIAMS

Civ. A. No. 78-0027(D).

449 F.Supp. 254 (1978)

PEOPLES BANK OF DANVILLE et al., Plaintiffs, v. Harold M. WILLIAMS, Chairman Securities Exchange Commission, et al., Defendants.

United States District Court, W. D. Virginia, Danville Division.

March 24, 1978.

Attorney(s) appearing for the Case

Jackson L. Kiser, Martinsville, Va., for plaintiffs.

John R. Kiefner, Jr., Regional Trial Counsel, Arlington, Va., Vernon I. Zvoleff, Sp. Counsel, Robert M. Fusfeld, Atty., Securities and Exchange Commission, Washington, D. C., Paul R. Thomson, Jr., U. S. Atty., Roanoke, Va., for defendants.

OPINION

TURK, Chief Judge.

This is an action brought by three banks and five individuals who have been served with investigative subpoenas issued by defendant Securities Exchange Commissioners and their agents. Plaintiffs seek declaratory and injunctive relief to have the subpoenas quashed or greatly restricted in their scope. This court has jurisdiction over their claims under 28 U.S.C. § 1331(a). The case is before the court upon defendants' motion...

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