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SECURITIES & EXCH. COM'N v. DIMENSIONAL ENTERTAIN.

No. 77 Civ. 5290 (CHT).

493 F.Supp. 1270 (1980)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. DIMENSIONAL ENTERTAINMENT CORPORATION et al., Defendants.

United States District Court, S. D. New York.

July 16, 1980.

Attorney(s) appearing for the Case

Stephen L. Hammerman, Regional Administrator, Securities and Exchange Commission, New York City, for plaintiff; Jason R. Gettinger, Joseph C. Arellano, New York City, of counsel.

Golenbock & Barell, New York City, for defendant Sam Ford; Seymour Kleinman, New York City, of counsel.

Dan Brecher, New York City, for defendant Leonard D. Levin.

OPINION

TENNEY, District Judge.

This civil action was instituted by the Securities and Exchange Commission ("SEC") and involves a complex securities fraud scheme in which defendants Sam Ford and Leonard Levin, among others, illegally distributed and manipulated the trading market for the common stock of Dimensional Entertainment Corporation ("Dimensional"). The SEC claims that defendants Ford and Levin violated sections 5(a), 5(c)1

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