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S.E.C. v. ELMAS TRADING CORP.

No. CV-R-85-263-ECR.

625 F.Supp. 890 (1986)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ELMAS TRADING CORPORATION, Republic Overseas Bank, Ltd., James L. Attarian and Donald D. Smith, Defendants.

United States District Court, D. Nevada.

January 8, 1986.

Attorney(s) appearing for the Case

Kerry C. Feffer and Robert D. LaFramenta, S.E.C., Los Angeles, Cal., for plaintiff.

Thomas Nolan, Maryann Marzano, James Ridley Ferrand and Thomas L. Taylor, III, Beverly Hills, Cal., for Republic Overseas Bank, Ltd.

Robert J. Fry, Reno, Nev., for Elmas Trading Corp.

John Vandevelde and Stephen B. Sadowsky, Los Angeles, Cal., for Attarian & Smith.

ORDER

EDWARD C. REED, Jr., District Judge.

DEPOSITOR'S ADVISORY COMMITTEE

This Court, at a previous hearing, rejected the motion of Ronald Yett to select a "watchdog committee" with Mr. Yett as chairperson. We did, however, reserve ruling on whether or not some other form of advisory committee, comprised of depositors, would be formed. This Court has taken into consideration the arguments raised at the oral hearings and the papers filed, both in...

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