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GENERAL PROTECTIVE COMM. v. S. E. C.

No. 184.

346 U.S. 521 (1954)

GENERAL PROTECTIVE COMMITTEE FOR THE HOLDERS OF OPTION WARRANTS OF THE UNITED CORPORATION v. SECURITIES AND EXCHANGE COMMISSION ET AL.

Supreme Court of United States.

Decided January 4, 1954.

Attorney(s) appearing for the Case

John Mulford argued the cause for petitioner. With him on the brief were Henry S. Drinker, Thomas Reath and M. Quinn Shaughnessy.

William H. Timbers argued the cause for the Securities and Exchange Commission, respondent. With him on the brief were Acting Solicitor General Stern and Alexander Cohen.

Richard Joyce Smith argued the cause and filed a brief for the United Corporation, respondent.

Randolph Phillips, respondent, argued the cause pro se. Joseph B. Hyman was with him on the brief for Downing et al., respondents.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

The United Corporation is a holding company registered under the Public Utility Holding Company Act of 1935, 49 Stat. 803, 15 U. S. C. § 79 et seq. Section 11 (b) of that Act requires each holding company, with exceptions not material here, to limit the operations of the holding-company system of which it is a part to a single integrated public-utility system and to businesses reasonably incidental...

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