SECURITIES & EXCH. COM. v. AMERICAN INTERNAT'L S. & L. ASS'N

Civ. No. 13249.

199 F.Supp. 341 (1961)

SECURITIES AND EXCHANGE COMMISSION v. AMERICAN INTERNATIONAL SAVINGS AND LOAN ASSOCIATION, INC., et al.

United States District Court D. Maryland.

October 31, 1961.


Attorney(s) appearing for the Case

Joseph D. Tydings, U. S. Atty., Baltimore, Md., Allan F. Conwill, Gen. Counsel, Sidney D. Goldberg, Special Counsel, Nelson Shechtel and Richard M. Phillips, Attys., S. E. C., Washington, D. C., for plaintiff.

Leon H. A. Pierson, Baltimore, Md., Daniel J. McCauley, Jr., Philadelphia, Pa., David Brady, New York City, and Marshall I. Stewart, Washington, D. C., for American International Savings & Loan Ass'n, Inc., Marshall I. Stewart, World Wide Artists, Inc., Lloyd, Miller & Co., N. Warren & Co., Herman Price, Daniel Price, and James Seidman.

Roland W. Granat, Miami Beach, Fla., for George J. Collier.

Hooper, Kiefer & Perrott, James A. Perrott, and Edwin T. Steffy, Jr., Baltimore, Md., for John O. Stoner.

Morris L. Kaplan, Baltimore, Md., for Samuel H. Gressitt.

Jacob Yosef Miliman, Baltimore, Md., for Sidney Monen.

No appearance entered for Arthur Freedman, Royal Queen Corp. and Hiram Ricker & Sons.


THOMSEN, Chief Judge.

This is an action brought by the Securities and Exchange Commission (SEC) under sec. 20(b) of the Securities Act of 1933, as amended, 15 U.S.C.A. § 77t(b), to enjoin defendants from violating secs. 5(a) and (c) of the Act, 15 U. S.C.A. § 77e(a) and (c),1 by offering for sale or selling the stock of American International Savings and Loan Association, Inc. (the...

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