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S. E. C. v. GULF & WESTERN INDUSTRIES, INC.

Civ. A. No. 79-3201.

502 F.Supp. 343 (1980)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. GULF & WESTERN INDUSTRIES, INC., Charles G. Bluhdorn, Don F. Gaston, Defendants.

United States District Court, District of Columbia.

November 24, 1980.

Attorney(s) appearing for the Case

A. Fred Freedman, Steven Rosenberg, Washington, D.C., for plaintiff.

Arthur L. Liman, New York City, for defendant Gulf & Western.

Edward Bennett Williams, Washington, D.C., for defendant Bluhdorn.

Peter E. Fleming, Jr., New York City, for defendant Gaston.

MEMORANDUM OPINION

BARRINGTON D. PARKER, District Judge:

In this proceeding, the Securities and Exchange Commission (SEC or Commission) seeks permanent injunctive relief enjoining Gulf & Western, Inc. (Gulf & Western), its chief executive officer, Charles Bluhdorn, and Don F. Gaston, an executive vice-president from engaging in allegedly fraudulent practices in violation of the federal securities laws. The Commission charges the defendants with violations...

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