1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 688 F.Supp.
  5. 688 F.Supp. 705 (1988)
 

S.E.C. v. FIRST CITY FINANCIAL CORP., LTD.

Civ. A. No. 86-2240.

688 F.Supp. 705 (1988)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. FIRST CITY FINANCIAL CORPORATION, LTD., and Marc Belzberg, Defendants.

United States District Court, District of Columbia.

June 15, 1988.

Attorney(s) appearing for the Case

Barry R. Goldsmith, Leo F. Orenstein, Daniel H. Rubenstein, S.E.C., Div. of Enforcement, Washington, D.C., for S.E.C.

D. Scott Wise, Davis Polk & Wardell, New York City, for First City Financial Corp.

Arthur L. Liman, Max Gitter, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Marc Belzberg.

MEMORANDUM OPINION

BARRINGTON D. PARKER, Senior District Judge:

The Supreme Court reaffirmed only recently that a fundamental purpose of the Securities Exchange Act of 1934, as amended, 15 U.S.C. § 78a et seq. ("1934 Act" or "Act") was "to protect investors against manipulation of stock prices" and to implement a "philosophy of full disclosure." Basic Inc., et al. v. Levinson, et al., ___ U.S. ___, 108 S.Ct. 978, 982, 99 L.Ed.2d 194 (1988...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases