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SECURITIES AND EXCHANGE COM'N v. POWER RESOURCES CORP.

No. 73-1657.

495 F.2d 297 (1974)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellant, v. POWER RESOURCES CORPORATION et al., Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

April 16, 1974.

Attorney(s) appearing for the Case

David Ferber, Washington, D. C. (Lawrence E. Nerheim, Gen. Counsel, Richard E. Nathan, Asst. Gen. Counsel, and Joan B. Weiner, Securities and Exchange Commission, on the brief), Washington, D. C., for plaintiff-appellant.

Paul N. Cotro-Manes, Salt Lake City, Utah, for defendant-appellee R. Blair Lund.

Before CLARK, Justice, and HILL and SETH, Circuit Judges.

PER CURIAM.

This is an appeal from an order of the United States District Court for the District of Utah dismissing an action by the Securities and Exchange Commission (SEC) for failure to prosecute.

The SEC instituted the action on June 30, 1970, alleging that appellees had fraudulently offered and sold unregistered securities in violation of the Securities Acts of 1933 and 1934.1 Two days later it filed a motion for a preliminary...

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