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S. E. C. v. DREXEL & CO.

No. 153.

348 U.S. 341 (1955)

SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO.

Supreme Court of United States.

Decided February 28, 1955.

Attorney(s) appearing for the Case

William H. Timbers argued the cause for petitioner. With him on the brief were Solicitor General Sobeloff, Myron S. Isaacs and Elizabeth B. A. Rogers.

Arthur H. Dean argued the cause for respondent. With him on the brief were Henry S. Drinker, Thomas Reath and John Mulford.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

The question in the case is whether the Securities and Exchange Commission has jurisdiction to pass on a fee to be paid by Electric Bond & Share Co. to Drexel & Co. in connection with a reorganization plan filed by its subsidiary, Electric Power & Light Corp., under § 11 (e) of the Public Utility Holding Company Act of 1935, 49 Stat. 803, 15 U. S. C...

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