SECURITIES & EXCH. COM'N v. MICRO-MOISTURE CONTROLS, INC.


167 F.Supp. 716 (1958)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. MICRO-MOISTURE CONTROLS, INC., Louis Levin, John Herschorn, Gershon Kaplan, Garland L. Culpepper, Jr., Albert J. Grayson, George Phillip Barton, Rudolph V. Klein, doing business as R. V. Klein Company, Jack Gold, Robert C. Leonhardt, Rockwell Securities Corporation, A. J. Grayson & Co., Incorporated, Brown, Barton & Engel, I. W. Page & Co., Incorporated, World Wide Investors Corporation and McGrath Securities Corporation, Defendants.

United States District Court S. D. New York.

March 31, 1958.


Attorney(s) appearing for the Case

Edward O. B. Reid, New York City, Robert F. Muir, Security Investigator, New York City, for plaintiff.

Colton & Pinkam, New York City, by Spencer Pinkam, New York City, for Robert C. Leonhardt & McGrath Securities Corp.

Lichtig, Colton & Greenfield, New York City, by Max M. Greenfield, New York City, for Albert J. Grayson and A. J. Grayson, Inc.

John H. Kelley, New York City, by Lee Feltman, New York City, for Garland L. Culpepper and Rockwell Securities Corp.

Gordon, Brady, Caffrey & Keller, New York City, by Stephen Bermas, New York City, for George P. Barton & Brown, Barton & Engel.

Levy & Nevins, New York City, by Saul Nevins, New York City, for Louis Levin & Micro-Moisture.

John T. Sullivan, New York City, for Jack Gold and I. W. Page & Co. Inc.

John J. McKenna, New York City, for World Wide Investors Corp.


EDELSTEIN, District Judge.

Findings of Fact

1. Defendant Micro-Moisture Controls, Inc. was organized on or about January 16, 1953, in the State of Delaware, has an authorized capitalization of 7,000,000 shares of a one cent common stock of which approximately 5,512,983 shares were issued and outstanding during the period involved.

2. (a) Defendant I. W. Page & Co., Inc. has been registered with the plaintiff as a broker and dealer in securities...

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