People v. Royal Development Co.

This action is brought under article 23-A of the General Business Law, commonly known as the Martin Act.

The complaint, which was served in January, 1931, seeks to restrain certain alleged fraudulent practices by the defendant Royal Development Company, Inc., its officers, directors and salesmen, and for the appointment of a receiver of certain property of defendant company within the State of New York. The acts of which complaint is made relate to alleged false representations in connection with the sale of securities of the defendant company, the business of which is the mining of copper and…