SECURITIES & EXCHANGE COMMISSION v. ZALE CORP.

No. 78-3381.

650 F.2d 718 (1981)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellant, v. ZALE CORPORATION, et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit. Unit A.

July 16, 1981.


Attorney(s) appearing for the Case

William A. Dietch, Asst. Gen. Counsel, Jacob H. Stillman, Bruce Rinaldi, Ralph Ferrara, David Ferber, Rosalind Cohen, S.E.C., Washington, D. C., for plaintiff-appellant.

Joel Held, Robert Edwin Davis, Dallas, Tex., for Underwood.

Before THORNBERRY, COLEMAN and AINSWORTH, Circuit Judges.


THORNBERRY, Circuit Judge:

The Securities and Exchange Commission (SEC) brought suit against Zale Corporation and several of its officers to establish past violations and to enjoin future violations of the securities laws. The district court entered orders of permanent injunction by consent against all defendants except appellees Sol Shearn Rovinsky and Joseph D. Underwood. The court granted their motions for summary judgment, concluding as a matter of law that the...

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