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SECURITIES & EXCHANGE COM'N v. GALAXY FOODS, INC.

No. 73 C 1742.

417 F.Supp. 1225 (1976)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. GALAXY FOODS, INC., et al., Defendants.

United States District Court, E. D. New York.

July 26, 1976.

Attorney(s) appearing for the Case

William D. Moran, for plaintiff Securities and Exchange Commission by Franklin D. Ormsten, Allan M. Lerner, Harry L. Garmansky, Regina C. Mysliwiec, Julia B. Williams, New York City, of counsel.

Goidel, Goidel & Helfenstein, for defendants Kirschenblatt & Shevack by Alvin I. Goidel, New York City.

MEMORANDUM OF DECISION

NEAHER, District Judge.

Plaintiff Securities and Exchange Commission ("SEC") brought this action pursuant to § 20(b) of the Securities Act of 1933 ("the Securities Act"), 15 U.S.C. § 77t(b), and § 21(e) of the Securities and Exchange Act ("the Exchange Act"), 15 U.S.C. § 78u(e), alleging violations by defendants of the § 5 registration provisions of the Securities Act, 15 U.S.C. § 77e, and the anti-fraud...

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