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SECURITIES AND EXCHANGE COM'N v. TEXAS GULF SULPHUR CO.

No. 914, Docket 35143.

446 F.2d 1301 (1971)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. TEXAS GULF SULPHUR COMPANY, a Texas Corporation, et al., Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided June 10, 1971.

Attorney(s) appearing for the Case

Philip A. Loomis, Jr., Gen. Counsel, David Ferber, Solicitor, Frank E. Kennamer, Jr., Asst. Gen. Counsel, Robert E. Kushner, Asst. Gen. Counsel, Harvey L. Pitt, Stuart A. Morse, Attys., SEC, for appellee.

Orison S. Marden, White & Case, P. B. Konrad Knake, Thomas McGanney, W. Neil Thomas, III, New York City, for appellants Texas Gulf Sulphur, Fogarty, Mollison, Stephens and Kline.

David M. Crawford, pro se.

Earl L. Huntington, pro se.

Thomas A. Butler, Michael A. Grean, Keane, Butler & Grean, New York City, for appellants Holyk, Darke and Clayton.

Before FRIENDLY, Chief Judge, and WATERMAN and HAYS, Circuit Judges.

WATERMAN, Circuit Judge:

The within appeals bring before us for the second time the well-known combinations of situations that arose out of Texas Gulf Sulphur's (hereinafter TGS) discovery of rich ore deposits near Timmins, Ontario, and the accompanying stock transactions by the appellants. A detailed description is set forth in our prior opinion, 401 F.2d 833 (2 Cir. 1968) (in banc).1 In that decision...

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