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SECURITIES & EXCHANGE COM'N v. FIFTH AVE. COACH LINES, INC.

No. 67 Civ. 4182.

289 F.Supp. 3 (1968)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. FIFTH AVENUE COACH LINES, INC., Victor Muscat, Edward Krock, Thomas A. Bolan, Roy M. Cohn, Defendants.

United States District Court S. D. New York.

July 26, 1968.

Attorney(s) appearing for the Case

Frank E. Kennamer, Jr., Asst. General Counsel, Meyer Eisenberg, Asst. Gen. Counsel, David M. Butowsky, Asst. Chief Enforcement Atty., Theodore Sonde, Attorney, Washington, D. C., for plaintiff; Philip A. Loomis, Jr., Gen. Counsel, Walter P. North, Associate Gen. Counsel, of counsel.

Millard & Greene, New York City, for defendants Fifth Avenue Coach Lines, Inc. and Bolan; Myron J. Greene, Michael E. Mooney, Howard R. Udell, New York City, of counsel.

Goldstein, Judd & Gurfein, New York City, for defendant Muscat; Murray I. Gurfein, Albert D. Jorden, William M. Guttman, New York City, of counsel.

Garrity, Connolly, Lewis & Grimes, William R. Grimes, New York City, James Lawrence Garrity, New York City, of counsel; and William J. Kenney, Washington, D. C., for defendant Krock; Pincus, Bernstein & Seeman, New York City, for defendant Cohn; Lawson F. Bernstein, New York City, of counsel.

OPINION

McLEAN, District Judge.

This action, begun on October 27, 1967, is brought by the Securities and Exchange Commission pursuant to Section 20(b) of the Securities Act of 1933 (15 U.S.C. § 77t(b)), Section 21(e) of the Securities Exchange Act of 1934 (15 U.S.C. § 78u(e)) and Section 42(e) of the Investment Company Act of 1940 (15 U.S.C. § 80a-41(e)). The complaint seeks an injunction and the appointment of a receiver for defendant Fifth...

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