S.E.C. v. RIND

No. 91-55972.

991 F.2d 1486 (1993)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. Maurice RIND, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided April 19, 1993.


Attorney(s) appearing for the Case

Edward Gartenberg, Burris, Drulias & Gartenberg, Los Angeles, CA, for defendant-appellant.

Jacob H. Stillman, Associate Gen. Counsel, Washington, DC, for plaintiff-appellee.

Before: WALLACE, Chief Judge, TROTT and T.G. NELSON, Circuit Judges.


WALLACE, Chief Judge:

This interlocutory appeal raises an important issue of first impression: what, if any, statute of limitations applies to a civil enforcement action brought by the Securities and Exchange Commission (Commission). We must also decide whether the right to a jury trial guaranteed by the Seventh Amendment attaches where the Commission sues for disgorgement of illegal profits. The district court held that the Commission was not bound by a statute of...

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