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S. E. C. v. ABERDEEN SECURITIES CO., INC.

Nos. 75-1074 to 75-1076.

526 F.2d 603 (1975)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, Securities Investor Protection Corp., Applicant, v. ABERDEEN SECURITIES CO., INC., et al. Appeal of SECURITIES INVESTOR PROTECTION CORPORATION, Applicant, and Claude P. Hudson, Trustee for Aberdeen Securities Co., Inc., in Nos. 75-1074, 75-1075 (two cases). Appeal of Claimants Sheldon RAIZES et al., in No. 75-1076.

United States Court of Appeals, Third Circuit.

Decided November 13, 1975.

Attorney(s) appearing for the Case

Theodore H. Focht, Gen. Counsel, Securities Investor Protection Corp., Washington, D.C., Wilfred R. Caron, Associate Gen. Counsel, William H. Seckinger, Senior Atty., Francis L. Carter, Washington, D.C., of counsel, for Securities Investor Protection Corp.

John Biggs, III, Biggs & Battaglia, Wilmington, Del., for Claude P. Hudson, Trustee.

Jerome E. Bogutz, Bogutz & Mazer, Philadelphia, Pa., for claimants Sheldon Raizes and others.

John H. McDonald, Asst. U.S. Atty., Wilmington, Del., for United States.

OPINION OF THE COURT

VAN DUSEN, Circuit Judge.

These appeals challenge an October 3, 1974, district court order awarding counsel fees of $3,250.00 and costs of $377.07 to be paid to Jerome E. Bogutz, Esq. (Bogutz) by the trustee for Aberdeen Securities Co., Inc. (Aberdeen), which is in liquidation under the Securities Investor Protection Act of 1970 (SIPA), 15 U.S.C. § 78aaa et seq.1 We reverse and remand for reconsideration...

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