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OKIN v. SECURITIES AND EXCHANGE COMMISSION

No. 287.

137 F.2d 398 (1943)

OKIN v. SECURITIES AND EXCHANGE COMMISSION.

Circuit Court of Appeals, Second Circuit.

August 2, 1943.

Attorney(s) appearing for the Case

Samuel Okin, of New York City, pro se, petitioner.

Theodore L. Thau, Atty. for Securities and Exchange Commission, of Philadelphia, Pa. (John F. Davis, Sol., and Jesse J. Holland, Atty. for Securities and Exchange Commission, both of Philadelphia, Pa., on the brief), for respondent.

Before SWAN, AUGUSTUS N. HAND, and CLARK, Circuit Judges.

CLARK, Circuit Judge.

Petitioner, owning 9,000 out of 5,250,358 outstanding shares of common stock of Electric Bond and Share Company, which, in turn, owns 46.6% of the common stock of National Power & Light Company, sought permission of the Commission to intervene in opposition to an application by National for authority to sell all the outstanding securities of its wholly-owned subsidiary, West Tennessee Gas Company. The Commission referred this request to its...

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