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CONTINENTAL STOCK TRANSFER ETC. v. SEC. & EXCHG.

No. 956, Docket 77-4034.

566 F.2d 373 (1977)

CONTINENTAL STOCK TRANSFER AND TRUST COMPANY (A Limited Purpose Trust Company) and General Stock Transfer Company, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, Second Circuit.

Decided March 21, 1977.

Opinion Filed September 21, 1977.

Attorney(s) appearing for the Case

Jesse R. Meer, New York City (Marc B. Lasky, and Berlack, Israels & Liberman, New York City, on the brief), for petitioners.

Paul Gonson, Associate Gen. Counsel, SEC, Washington, D. C. (Harvey L. Pitt, Gen. Counsel, Kathryn B. McGrath, Asst. Gen. Counsel, Vernon I. Zvoleff, Atty., and Philip N. Lee, Atty., SEC, Washington, D. C., on the brief), for respondent.

Before TIMBERS and MESKILL, Circuit Judges, and MOTLEY, District Judge.

PER CURIAM:

We decided this case from the bench immediately after the oral arguments, in accordance with our established practice in an appropriate case. We denied the petition to review and affirmed the order of the Securities and Exchange Commission, and briefly stated the reasons for our decision.

Thereafter the Commission requested that we release for publication our oral decision, in view of the importance of the issue and the desirability of being able...

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