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

Nos. 1660, 1692 and 1720, Dockets 87-6170, 87-6188 and 87-6198.

829 F.2d 341 (1987)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. The AMERICAN BOARD OF TRADE, INC., Arthur N. Economou, Phyllis H. Economou, and the American Board of Trade Service Corp., Defendants, The American Board of Trade, Inc., and the American Board of Trade Service Corp., Defendants-Appellees, Arthur N. Economou and Phyllis H. Economou, Defendants-Appellants. Appeal of Nira Properties, Ltd.

United States Court of Appeals, Second Circuit.

Decided September 22, 1987.

Attorney(s) appearing for the Case

Robert S. Smith, New York City (Clyde Allison, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, of counsel), for appellant Nira Properties, Ltd.

Milton S. Gould, New York City (Eric P. Wainer, Peter C. Neger, Shea & Gould, New York City, of counsel), Special Master and Receiver of defendants-appellees The American Bd. of Trade, Inc., and The American Bd. of Trade Service Corp.

Arthur N. Economou, New York City, defendant-appellant pro se.

Before WINTER and MAHONEY, Circuit Judges and STEWART, District Judge.

WINTER, Circuit Judge:

These are expedited appeals from orders issued by Judge Kram. In the underlying proceedings, the district court appointed Milton S. Gould to serve as receiver of defendants The American Board of Trade, Inc. and The American Board of Trade Service Corp., and charged him with the task of liquidating the assets of these companies. One such asset is a lot and seven-story building at 9-11 South William Street in Manhattan. Originally built as the...

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