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TELVEST, INC. v. BRADSHAW

Nos. 79-1568, 79-1569.

618 F.2d 1029 (1980)

TELVEST, INC., a Delaware Corporation, Appellee, v. Junie L. BRADSHAW, Thomas P. Harwood, Preston C. Shannon, Commissioners of the Virginia State Corporation Commission; Lewis W. Brothers, Jr., Director, Division of Securities and Retail Franchising, Appellants, and American Furniture Company, Inc., Intervenor-Defendant. TELVEST, INC., a Delaware Corporation, Appellee, v. Junie L. BRADSHAW, Thomas P. Harwood, Preston C. Shannon, Commissioners of the Virginia State Corporation Commission; Lewis W. Brothers, Jr., Director, Division of Securities and Retail Franchising, Defendants. Appeal of AMERICAN FURNITURE COMPANY, INC.

United States Court of Appeals, Fourth Circuit.

Decided March 26, 1980.

Rehearing Denied April 29, 1980.

Attorney(s) appearing for the Case

James E. Farnham, Richmond, Va. (Robert P. Buford, Lathan M. Ewers, Jr., Edgar M. Roach, Jr., Hunton & Williams, Richmond, Va., on brief), for appellant, American Furniture Co., Inc.

James E. Moore, Asst. Atty. Gen., Richmond, Va. (Richard D. Rogers, Jr., Lewis S. Minter, Joel H. Peck, Donald G. Owens, State Corp. Commission of Virginia, Richmond, Va., on brief), for State Corp. Commission, appellants.

John F. Kay, Jr., Richmond, Va. (F. Claiborne Johnston, Jr., Anthony F. Troy, Joseph R. Mays, Mays, Valentine, Davenport & Moore, Richmond, Va., Nathan H. Dardick, Chicago, Ill., on brief), for appellee.

Ralph C. Ferrara, Gen. Counsel, Robert C. Pozen, Associate Gen. Counsel, William A. Dietch, Asst. Gen. Counsel, Stephen P. Lamb, Sp. Counsel, Bruce Rinaldi, David Sirignano, Securities and Exchange Commission, Washington, D. C., on brief, as amicus curiae.

Before BUTZNER and WIDENER, Circuit Judges, THOMSEN, Senior District Judge.

WIDENER, Circuit Judge:

Appellants, Junie L. Bradshaw, Thomas P. Harwood, Preston C. Shannon, Commissioners of the Virginia State Corporation Commission, and Lewis W. Brothers, Jr., Director of its Division of Securities and Retail Financing (all herein referred to as the Commission), and American Furniture Company (American) appeal the issuance of a preliminary injunction in favor of Telvest, Inc. by the United States District Court for the Eastern District of Virginia...

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