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S.E.C. v. AMERICAN BD. OF TRADE, INC.

No. 83 Civ. 6213 (SWK).

654 F.Supp. 361 (1987)

The SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. The AMERICAN BOARD OF TRADE, INC., Arthur N. Economou, Phyllis H. Economou, and the American Board of Trade, Defendants.

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

February 2, 1987.

Attorney(s) appearing for the Case

Arthur N. Economou, pro se.

Charles Padgett, New York City, for the Securities and Exchange Com'n.

Milton Gould, New York City, Interim Receiver.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

Pursuant to this Court's order of July 31, 1986 appointing Milton S. Gould, Esq. Special Master, Mr. Gould submitted his report and recommendations (the "Report") to the Court on November 5, 1986. The key finding in the Report, which is annexed (to the original) as Appendix A, is that the American Board of Trade ("ABT") has aggregate liabilities of approximately $79 million against which it holds approximately...

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