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TODD & CO., INC. v. S. E. C.

No. 80-1633.

637 F.2d 154 (1980)

TODD AND COMPANY, INC. and Thomas K. Langbein, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, Third Circuit.

Decided December 10, 1980.

Attorney(s) appearing for the Case

Lawrence E. Jaffe, Garman, Jaffe, Sonkin & Schiff, Carlstadt, N.J., Marcus, Rosen, Breslow, Levy, Jaffe & Fiorello, P.C., Totowa, N.J., for petitioners.

Jacob H. Stillman, Associate Gen. Counsel, Richard A. Kirby, Sp. Counsel, Larry R. Lavoie, Atty., Securities and Exchange Commission, Washington, D.C., for respondent; Paul Gonson, Sol., Washington, D.C., of counsel.

Before ALDISERT, HUNTER and HIGGINBOTHAM, Circuit Judges.

Submitted Under Third Circuit Rule 12(6) December 1, 1980.

OPINION OF THE COURT

ALDISERT, Circuit Judge.

This petition for review of an order by the Securities and Exchange Commission is before us under § 25(a)(1) of the Securities Exchange Act of 1934, 15 U.S.C. § 78y(a)(1), and requires us to determine whether reconsideration of petitioners' arguments by this court, which previously remanded this case to the Commission with directions...

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