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NEW YORK CITY EMP. RETIREMENT SYSTEM v. S.E.C.

No. 93 Civ. 1233 (KMW).

843 F.Supp. 858 (1994)

The NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM; The United States Trust Company; and The Women's Division of the Board of Global Ministries of the United Methodist Church, Plaintiffs, v. SECURITIES AND EXCHANGE COMMISSION, Defendant.

United States District Court, S.D. New York.

January 19, 1994.

OPINION AND ORDER

KIMBA M. WOOD, District Judge.

On October 15, 1993, the court issued an Order enjoining defendant Securities and Exchange Commission ("SEC") from issuing any no-action letter in which the SEC takes a position at variance with the understanding of the "ordinary business operations" exception adopted by...

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