SECURITIES & EXCH. COM'N v. AN-CAR OIL CO., INC.

No. 78-1540.

604 F.2d 114 (1979)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. AN-CAR OIL COMPANY, INC., et al., Defendants-Appellees, Cyrus W. Partington et al., Intervenors-Appellants.

United States Court of Appeals, First Circuit.

Decided August 27, 1979.


Attorney(s) appearing for the Case

Edward Woll, Jr., Boston, Mass., with whom George P. Michaely, Jr., Robert N. Hickey, Washington, D. C., and Sullivan & Worcester, Boston, Mass., were on brief for intervenors-appellants.

Frank D. Kirby, Boston, Mass., with whom Steven J. Marullo, and Catherine M. Oliver, Boston, Mass., were on brief for defendants-appellees An-Car Oil Co., Inc., et al.

David Ferber, Sol. to the Commission, Washington, D. C., with whom Jacob H. Stillman, Associate Gen. Counsel, and Judy L. Chesser, Atty., Washington, D. C., were on brief for plaintiff-appellee, Securities and Exchange Commission.

Neal E. Satran, Boston, Mass., on brief for Official Creditors' Committee of An-Car Oil Co., Inc., et al., amicus curiae.

Before COFFIN, Chief Judge, CAMPBELL and BOWNES, Circuit Judges.


BOWNES, Circuit Judge.

This appeal is brought by Cyrus W. Partington, et al., putative intervenors in a securities fraud case brought by the Securities and Exchange Commission (SEC), plaintiff-appellee, against defendants-appellees, An-Car Oil Company, Inc. (An-Car), Calvin Oil Co., Ltd., Wichita Drilling Corp., Shelwell Services, Inc., John C. Sterge, Stanley H. Sichel, Donald M. Patten, Mary L. Savery, James I. F. Matthew...

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