SECURITIES AND EXCHANGE COM'N v. TIMETRUST, INC.

No. 21180.

28 F.Supp. 34 (1939)

SECURITIES AND EXCHANGE COMMISSION v. TIMETRUST, Inc., et al.

District Court, N. D. California, S. D.

June 10, 1939.


Attorney(s) appearing for the Case

Chester T. Lane and O. John Rogge, both of Washington, D. C., Howard A. Judy and E. Forrest Tancer, both of San Francisco, Cal., Sam Harris, of Washington, D. C., John G. Sobieski and Roger Kent, both of San Francisco, Cal., and Herbert B. Cohn, of Washington, D. C., for plaintiff.

John L. McNab, of San Francisco, Cal., for defendant John M. Grant.

Dreher, McClellan & McCarthy, of San Francisco, Cal., for defendant A. P. Giannini.

Theodore M. Stuart, of San Francisco, Cal., for defendant L. Mario Giannini.

Keyes & Erskine, of San Francisco, Cal., for defendant Bank of America Nat. Trust & Savings Ass'n.

Gumpert & Mazzera, of Stockton, Cal., and Bacigalupi, Elkus & Salinger, of San Francisco, Cal., for defendants Timetrust, Inc., Meredith Parker, Ralph W. Wood, and H. E. Blanchett.


ST. SURE, District Judge.

Plaintiff seeks to enjoin defendants from violating Sec. 17(a) of the Securities Act of 1933, as amended.1 The complaint is filed pursuant to Sec. 20(b),2 and jurisdiction is conferred by Sec. 22(a) of the Act.3

The theory of the Commission's complaint is that defendants Timetrust, Incorporated, Meredith Parker, Ralph W. Wood, and H. E. Blanchett...

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