GROSSMAN v. YOUNG


70 F.Supp. 970 (1947)

GROSSMAN et al. v. YOUNG et al.

District Court, S. D. New York.

March 4, 1947.


Attorney(s) appearing for the Case

Silver & Saperstein, of New York City (David Saperstein and Isaac M. Barnett, both of New York City, of counsel), for plaintiff.

Sullivan & Cromwell, of New York City, and Cook, Smith, Jacobs & Beake, of Detroit, Mich., (Inzer B. Wyatt, of New York City, and Bethel B. Kelly, of Detroit, Mich., of counsel), for defendant Leonard A. Young.

Roger S. Foster, Sol., Robert S. Rubin, Asst. Sol., and Myer Feldman, Atty., all of Philadelphia, Pa., for Securities & Exchange Commission.


BRIGHT, District Judge.

The question to be answered is whether or not the venue of this action is properly laid in the Southern District of New York. Because he claims it is not, the defendant Young moves to vacate the service of process upon him and to dismiss. He was served with the summons and complaint at his residence in Detroit, Michigan.

The action is brought under section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), for...

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