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S. E. C. v. EQUITY SERVICE CORP.

No. 80-1273.

632 F.2d 1092 (1980)

SECURITIES AND EXCHANGE COMMISSION, v. EQUITY SERVICE CORP., Leverage Resources Corp., Pacific-Atlantic Oil Co., Inc., Robert H. Mortimer, Virginia Joan Mortimer, Fred Fleischman, Robert F. Abramson, James P. Spillers (James P. Madison) Respondents, Porter Jerry, Dollie Mae Martin Jerry, Betty Lou Gregory and Lillie Gregory, Appellants, Frank Concannon, Receiver, Appellee.

United States Court of Appeals, Third Circuit.

Decided October 20, 1980.

Attorney(s) appearing for the Case

Thomas B. Rutter, Philadelphia, Pa., Bobby E. Shepherd, Spencer, Spencer & Shepherd, El Dorado, Ark., for appellants.

Dennis R. Surprenant, Securities and Exchange Commission, Philadelphia, Pa., Linda D. Fienberg, Michael K. Wolensky, Securities and Exchange Commission, Washington, D. C., Melvin Lashner, Philadelphia, Pa., for appellee; Adelman & Lavine, Philadelphia, Pa., of counsel.

Before SEITZ, Chief Judge, HIGGINBOTHAM, Circuit Judge, and MEANOR, District Judge.

Submitted under Third Circuit Rule 12(6) October 10, 1980.

OPINION OF THE COURT

PER CURIAM:

Appellants, Porter Jerry, Dollie Mae Martin Jerry, Betty Lou Gregory, and Lillie Gregory, appeal from an order of the district court enjoining them from bringing their lease-cancellation claim against a federal receiver, Frank Concannon, in the Arkansas Chancery Court. The district court determined under 28 U.S.C. § 754 (1976) that it should hear the...

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