E. I. DU PONT DE NEMOURS & CO. ET AL.
v.
COLLINS ET AL.
Supreme Court of United States.https://leagle.com/images/logo.png
Argued March 2, 1977.
Decided June 16, 1977.
Attorney(s) appearing for the Case
Daniel M. Gribbon argued the cause for petitioners in No. 75-1870. With him on the briefs were Matthew J. Broderick and Richard S. Seltzer. David Ferber argued the cause for petitioner in No. 75-1872. With him on the briefs were former Solicitor General Bork, Acting Solicitor General Friedman, Jacob H. Stillman, and James R. Miller.
Richard J. Collins, Jr., respondent, argued the cause pro se and filed a brief in both cases. Lewis C. Murtaugh, respondent, argued the cause pro se in both cases. With him on the brief was Timothy J. Murtaugh III.
Supreme Court of United States.
MR. CHIEF JUSTICE BURGER delivered the opinion of the Court.
We granted certiorari1 in these cases to determine whether the Securities and Exchange Commission, in approving the merger of a closed-end investment company into an affiliate company, reasonably exercised its discretion under the Investment Company Act of 1940, 54 Stat. 789, as amended, 15 U. S. C. § 80a-1 et seq. The Commission valued the investment company essentially...
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