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IN RE PUBLIC SERVICE CORP. OF NEW JERSEY

Nos. 11120, 11130.

211 F.2d 231 (1954)

In re PUBLIC SERVICE CORP. OF NEW JERSEY. DRINKER BIDDLE & REATH v. SECURITIES AND EXCHANGE COMMISSION. UNITED CORP. v. SECURITIES AND EXCHANGE COMMISSION.

United States Court of Appeals Third Circuit.

Decided February 24, 1954.

Attorney(s) appearing for the Case

Thomas Reath, Philadelphia, Pa. (Drinker Biddle & Reath, Philadelphia, Pa., on the brief), for petitioner Drinker, Biddle & Reath.

William S. Potter, Wilmington, Del., (Berl, Potter & Anderson, Wilmington, Del., Richard Joyce Smith, New York City, William R. Sherwood, Washington, D. C., Bernard L. Sanoff, New York City, on the brief), for petitioner United Corp.

William H. Timbers, General Counsel, Securities and Exchange Commission, Washington, D. C. (Myron S. Isaacs, Associate Gen. Counsel, Securities and Exchange Commission, Washington, D. C., Harold C. Lohren, Philadelphia, Pa., Elizabeth B. A. Rogers, Washington, D. C., on the brief), for respondent.

Before McLAUGHLIN, KALODNER and STALEY, Circuit Judges.

McLAUGHLIN, Circuit Judge.

These appeals arose from the dissolution of Public Service Corporation of New Jersey under Section 11(e) of the Public Utility Holding Act of 1935, 15 U.S.C.A. § 79 et seq. In No. 11,120, petitioners' fee, agreed to by Public Service, for legal services to that concern in connection with the dissolution was reduced by the Securities and Exchange Commission from $150,000 to $125,000. In No. 11,130, the expenses of The United Corporation...

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