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S. E. C. v. PARKLANE HOSIERY CO., INC.

No. 76 Civ. 2024.

422 F.Supp. 477 (1976)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. PARKLANE HOSIERY CO., INC. and Herbert N. Somekh, Defendants.

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

As Amended November 10, 1976.

Attorney(s) appearing for the Case

William D. Moran, Regional Administrator, New York Regional Office, S. E. C., New York City, for plaintiff by Donald N. Malawsky, Associate Regional Administrator, Franklin D. Ormsten, Asst. Regional Administrator, Harry L. Garmansky, Nadine S. Liebhardt, New York City, of counsel.

Jacobs Persinger & Parker, New York City, for defendants by Irving Parker, Joseph N. Salomon, David R. Birk, New York City, of counsel.

OPINION AND ORDER

KEVIN THOMAS DUFFY, District Judge.

This action is brought by the Securities and Exchange Commission (hereinafter "SEC" or "the Commission") against Parklane Hosiery Co., Inc. and Herbert N. Somekh under Section 17(a) of the Securities Act of 1933, 15 U.S.C. 77q(a) and Sections 10(b), 13(a) and 14(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78m(a) and 78n(a) and the various rules promulgated thereunder. The...

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