UNITED STATES v. NEWMAN

No. 1728, Docket 81-1225.

664 F.2d 12 (1981)

UNITED STATES of America, Appellant, v. James Mitchell NEWMAN, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided October 30, 1981.

Rehearing and Rehearing Denied December 30, 1981.


Attorney(s) appearing for the Case

John S. Martin, Jr., New York City, U. S. Atty., S. D. N. Y. (Lee S. Richards and Mark F. Pomerantz, Asst. U. S. Attys., New York City, of counsel), for appellant.

Franklin B. Velie, New York City (Gordon Hurwitz, Butowsky, Baker, Weitzen, Shalov & Needell, David M. Butowsky, Theodore Altman, Paul D. Wexler, New York City, and Kenneth S. Gerstein, of counsel), for defendant-appellee.

Paul Gonson, Sol. S. E. C., Washington, D. C. (Michael K. Wolensky, Associate Gen. Counsel, Donald C. Langevoort, Sp. Counsel, Richard M. Starr, Washington, D. C., of counsel), for S. E. C. as amicus curiae.

Before VAN GRAAFEILAND and NEWMAN, Circuit Judges, and DUMBAULD, District Judge.


Rehearing and Rehearing In Banc Denied December 30, 1981.

VAN GRAAFEILAND, Circuit Judge:

The United States appeals from an order of the United States District Court for the Southern District of New York which dismissed an indictment charging James Mitchell Newman with securities fraud, section 10(b) of the Securities and Exchange Act of 1934 (15 U.S.C. § 78j(b)) and Rule 10b-5 (17 C.F.R. § 240.10b-5), mail fraud, 18 U.S.C. § 1341, and conspiracy...

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