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SECURITIES AND EXCHANGE COM'N v. GUILD FILMS CO.

No. 267, Docket 26039.

279 F.2d 485 (1960)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Respondent, v. GUILD FILMS COMPANY, Inc., Santa Monica Bank, Southwest Bank of Inglewood, Hal Roach, Jr., Defendants-Appellants.

United States Court of Appeals Second Circuit.

Decided May 19, 1960.

Attorney(s) appearing for the Case

Jacob Rapoport, New York City (Joel Arnold, New York City, of counsel), for defendants-appellants.

Thomas G. Meeker, Gen. Counsel, Securities & Exchange Commission, Washington, D. C. (Joseph B. Levin, Asst. Gen. Counsel, Washington, D. C., Arthur Goldman, New York City, and Frederic G. Gale, Washington, D. C., on the brief), for plaintiff-appellee.

Before MOORE, Circuit Judge, and SMITH and HERLANDS, District Judges.

MOORE, Circuit Judge.

This is an appeal under 28 U.S.C.A. § 1292(a) from an order by the district court, 178 F.Supp. 418, granting a preliminary injunction to restrain the sale of 50,000 shares of Guild Films Company, Inc. common stock by two of the appellants, the Santa Monica Bank and The Southwest Bank of Inglewood. Pending a final determination of this action, the preliminary injunction was issued "unless and until" a...

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