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MTR OF SALITRA v. LEFKOWITZ

98 Misc.2d 343 (1979)

In the Matter of Stanley Salitra et al., Petitioners, v. Louis J. Lefkowitz, as Attorney-General of the State of New York, Respondent.

Supreme Court, New York County.

February 14, 1979

Attorney(s) appearing for the Case

Rubin, Seidman & Dochter for petitioners. Robert Abrams, Attorney-General, for respondent.

BERNARD NADEL, J.

Petitioners seek to set aside subpoenas duces tecum served upon them by respondent Attorney-General. They assert that, until recently, they have been engaged in offering to the public nonnegotiable, nontransferable contracts for the future delivery of coins and bullion. The grounds urged for quashing the subpoenas are those of Federal pre-emption, the absence of any authority on the part of the Attorney-General, the

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