AMERICAN POWER & L. CO. v. SECURITIES AND EX. COM'N

Nos. 3823, 3824.

141 F.2d 606 (1944)

AMERICAN POWER AND LIGHT CO. v. SECURITIES AND EXCHANGE COMMISSION. ELECTRIC POWER & LIGHT CORPORATION v. SAME.

Circuit Court of Appeals, First Circuit.

March 17, 1944.


Attorney(s) appearing for the Case

Root, Clark, Buckner & Ballantine, of New York City (Arthur A. Ballantine, Wilkie Bushby, and Joseph Schreiber, all of New York City, of counsel), Simpson Thacher & Bartlett, of New York City (John F. MacLane and Douglas A. Calkins, both of New York City, of counsel), and Reid & Priest, of New York City (Frank A. Reid, of New York City, of counsel), for petitioner American Power & Light Co.

Wright, Gordon, Zachry, Parlin & Cahill, of New York City (Wallace P. Zachry and Daniel James, both of New York City, of counsel), Simpson Thacher & Bartlett, of New York City (John F. MacLane, Douglas A. Calkins and Gunnar Fromen, all of New York City, of counsel), and Reid & Priest, of New York City (Frank A. Reid, of New York City, of counsel), for petitioner Electric Power & Light Corporation.

John F. Davis, Sol., Milton V. Freeman, Asst. Sol., David K. Kadane, Special Counsel, Public Utilities Division, and Louis Loss, Atty., all of Philadelphia (Alfred Berman, of Washington, D. C., of counsel), for respondent.

Before MAGRUDER, MAHONEY, and WOODBURY, Circuit Judges.


MAGRUDER, Circuit Judge.

These cases come here on petitions of American Power & Light Company (hereinafter referred to as American) and Electric Power & Light Corporation (hereinafter referred to as Electric), both companies being Maine subholding company subsidiaries of Electric Bond & Share Company (hereinafter referred to as Bond & Share), for review of orders of the Securities and Exchange Commission dated August 22, 1942, requiring the dissolution...

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