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S.E.C. v. STEADMAN

Civ. A. No. 89-2026-LFO.

798 F.Supp. 733 (1991)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Charles W. STEADMAN, Steadman Security Corporation, Steadman Financial Fund, Steadman Investment Fund, Steadman Oceanographic, Technology & Growth Fund, Steadman American Industry Fund, and Steadman Associated Fund, Defendants.

United States District Court, District of Columbia.

Memorandum on Motion to Stay May 1, 1991.

Permanent Injunction Filed May 1, 1991.

Attorney(s) appearing for the Case

David S. Horowitz, U.S.S.E.C., Philadelphia, Pa., for plaintiff.

Peter J. Nickles, Coleman S. Hicks, Jay T. Smith, Covington & Burling, Washington, D.C., for defendants.

MEMORANDUM

OBERDORFER, District Judge.

Plaintiff Securities and Exchange Commission ("SEC") seeks to enjoin defendants Charles W. Steadman, Steadman Security Corporation ("SSC"), Steadman Financial Fund, Steadman Investment Fund, Steadman Oceanographic, Technology & Growth Fund, Steadman American Industry Fund, and Steadman Associated Fund (collectively "the Funds") from violations of federal securities laws. During a period from 1971 to 1988 the Funds...

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