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S. E. C. v. INVESTORS SEC. LEAS. CORP.

Civ. A. No. C.A. 75-1304.

476 F.Supp. 837 (1979)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. INVESTORS SECURITY LEASING CORPORATION, William H. Brown, Dale R. McDonald, William J. Lynam, Defendants. Hillard KREIMER, Receiver to Collect Assets of Investors Security Leasing Corporation, James W. Thompson and Helen I. Thompson, his wife, Paul A. Blake II, James C. Edwards and Martha Jane Edwards, his wife, Helen A. Kuzma, Margaret Kuzma, Enrico Ialongo and Mary Ialongo, his wife, Agnes B. Macurdy, Plaintiffs, v. FIRST NATIONAL BANK & TRUST CO., WASHINGTON, PA., Defendant, v. EQUIBANK, N. A., Third-Party Defendant.

United States District Court, W. D. Pennsylvania.

August 27, 1979.

Attorney(s) appearing for the Case

Alan Z. Lefkowitz, Pittsburgh, Pa., for the receiver.

Frederick J. Francis and Ronald D. Morelli, Pittsburgh, Pa., for the intervenors.

OPINION

SNYDER, District Judge.

After extended litigation in this case and its companion, SEC v. Investors Security Corporation, 415 F.Supp. 745 (W.D.Pa.),1 the Court has now before it the question of the right, title and interest to certain securities, as between the Receiver for Investors Security Leasing Corporation and the individuals in whose names the securities were issued and...

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