STATE v. KOBRIN SECURITIES, INC.


221 N.J. Super. 169 (1987)

534 A.2d 55

STATE OF NEW JERSEY AND JAMES MCLELLAN SMITH, CHIEF, NEW JERSEY BUREAU OF SECURITIES, PLAINTIFFS-APPELLANTS, v. KOBRIN SECURITIES, INC., ET AL., DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided November 19, 1987.


Attorney(s) appearing for the Case

Nancy Costello Miller, Deputy Attorney General, argued the cause for appellants (W. Cary Edwards, Attorney General of New Jersey, attorney; Andrea Silkowitz, Deputy Attorney General, of counsel; Nancy Costello Miller, on the brief).

Steven S. Radin argued the cause for respondent Barrett R. Kobrin (Sills, Beck, Cummis, Zuckerman, Radin, Tischman & Epstein, attorneys; Steven S. Radin, of counsel; Trent S. Dickey, on the brief).

Thomas J. Spies argued the cause for respondent Armand DeAngelis (Walder, Sondak, Berkeley & Brogan, attorneys; Thomas J. Spies, on the brief).

Audrey M. Weinstein argued the cause for respondent Arden Brown (Fischer, Kagan, Zaretsky & Scarinci, attorneys; Philip I. Kagan, of counsel; Audrey M. Weinstein, on the brief).

Mark H. Sobel argued the cause for respondent Richard Kobrin (Greenbaum, Rowe, Smith, Ravin, Davis & Bergstein, attorneys Mark H. Sobel, of counsel and on the brief).

Orloff, Lowenbach, Stifelman & Siegel, filed a letter brief on behalf of respondent Warren Sandy (Stuart Gold, on the letter brief).

Respondents Robert Fitzsimmons', Peter Calcutta's and Leonard Berman's briefs were suppressed.

Before Judges PETRELLA, DREIER and ASHBEY.


The opinion of the court was delivered by ASHBEY, J.A.D.

On July 2, 1985, the State of New Jersey and James McLelland Smith, Chief of the Bureau of Securities, brought an action seeking, inter alia, injunctive relief and the appointment of a receiver pursuant to the New Jersey Uniform Securities Law, N.J.S.A. 49:3-47 et seq., against defendants Kobrin Securities, Inc. (KSI) and the following individual defendants: Barrett R. Kobrin (B. Kobrin...

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