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SECURITIES AND EXCHANGE COMMISSION v. KASSER

Civ. A. No. 74-90.

391 F.Supp. 1167 (1975)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Alexander KASSER et al., Defendants.

United States District Court, D. New Jersey.

March 11, 1975.

Attorney(s) appearing for the Case

William P. Sullivan, and Thomas Loughran, Washington, D. C., for Securities and Exchange Commission.

Rosenman, Colin, Kaye, Petschek, Freund & Emil by Gerald Walpin, Marvin G. Pickholz and Marc Rowin, New York City (New York Bar), for Stephen E. Mochary.

Riker, Danzig, Scherer & Brown by Alvin Weiss, and Dickinson Debevoise, Newark, N. J., for J. M. Brown, Jr., Chester Chastek, River Sawmills Co. and Blue Construction Corp.

Pitney, Hardin & Kipp by Clyde Szuch, Newark, N. J., and Skadden, Arps, Slate, Meagher & Flom by Barry Garfinkel, New York City (New York Bar), for Churchill Forest Industries, (Manitoba) Ltd., Technopulp, Inc., and Churchill Pulp Mill, Ltd.

OPINION

WHIPPLE, Chief Judge.

The plaintiff Securities and Exchange Commission instituted this action for injunctive and other relief against nine individual and corporate defendants. As set forth in detail infra, the complaint alleges numerous violations of Section 17(a) of the Securities Act of 1933, 15 U.S.C. § 77q(a), and Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), together with Rule 10b-5 thereunder, 17 CFR 240...

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