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S. E. C. v. G. M. STANLEY & CO., INC.

No. 72 Civ. 3017.

424 F.Supp. 1352 (1976)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, Securities Investor Protection Corporation, Applicant, v. G. M. STANLEY & CO., INC., et al., Defendants.

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

December 28, 1976.

Attorney(s) appearing for the Case

Theodore H. Focht, Gen. Counsel, William H. Seckinger, Senior Atty., Washington, D. C., for Securities Investor Protection Corp.

Anderson Russell Kill & Olick, P. C., New York City, for Trustee Winthrop J. Allegaert; David P. Prescott, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

This is a joint application for compensation for services rendered by the Trustee and his counsel in the liquidation, under the provisions of the Securities Investor Protection Act of 1970,1 of G. M. Stanley & Co., Inc., formerly engaged in the brokerage business. Upon initial consideration, the amounts requested appeared so startlingly out of proportion to the assets of the estate...

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