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SECURITIES & EXCH. COM'N v. CAL-AM CORP.

No. CV 77-4586-AAH.

445 F.Supp. 1329 (1978)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. CAL-AM CORPORATION, Allstate Securities, Inc., Legal Mortgage Corp., Dixie Natural Resources, Inc., Dynarad, Inc., Go Publishing, Inc., Bio Science Resources, International Coal Mining Leases, Inc., Black Rock Natural Resources, Inc., Kings Point Corporation, GPL Investments, Inc., GPF Coal Investments, Inc., Cambridge Corporation, Polytex International, Inc., Joseph R. Laird, Kenneth J. Fisher, James R. Forbes, Warren H. Baker, John E. Crooks, Arthur J. Serxner, Robert Spillane, Earl J. Martinson, John Eagen and Donald R. Ford, Defendants.

United States District Court, C. D. California.

February 24, 1978.

Attorney(s) appearing for the Case

Gerald E. Boltz, Regional Administrator, Ralph H. Erickson, Asst. Regional Administrator, Charles R. Hartman, III, Regional Counsel, and Deborah R. Gatzek, Atty., by Ernest T. Kaufmann, Los Angeles, Cal., for plaintiff.

Nasatir, Sherman & Hirsch by Michaeline A. Re, Atty., Los Angeles, Cal., for defendants.

DECISION AND ORDER

HAUK, District Judge.

This case is a civil action brought by the SEC against 24 individual and corporate defendants, seeking injunctive relief based on alleged violations of various provisions of the securities laws. The complaint consists of four causes of action; five defendants have moved this Court to dismiss the complaint and action. The first count alleges that 23 of the defendants participated in a complex nationwide scheme to defraud...

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