Legal Opinion
Securities and Exchange Commission v. Talley Industries, Inc., American Investors Fund, Inc., Chestnutt Corporation, and General Time Corporation
Court of Appeals for the Second Circuit
Decided January 13, 1969No. 573, Docket 32506PublishedCited by 15 opinions
1Opinion of the Court
FRIENDLY, Circuit Judge:
For the second time this term, see SEC v. Sterling Precision Corporation, 2 Cir., 393 F.2d 214, we are confronted with a close question of interpretation of § 17 of the Investment Company Act of 1940, 54 Stat. 815, setting limits on “Transactions of Certain Affiliated Persons and Underwriters.” On this occasion we believe the district judge construed the relevant clause, § 17(d), too narrowly, reverse his judgment dismissing the complaint, and direct further appropriate proceedings.
I
Section 17(d), so far as here relevant, provides as follows:(d) It shall be unlawful…
2Cases cited9 opinions
- Hecht Co. v. BowlesSupreme Court of the United States · 1944
- National Labor Relations Board v. Hearst Publications, Inc.Supreme Court of the United States · 1944
- Republic Aviation Corp. v. National Labor Relations BoardSupreme Court of the United States · 1945
- Gray v. PowellSupreme Court of the United States · 1941
- Jane Perlman v. C. Russell Feldmann, Newport Steel CorporationCourt of Appeals for the Second Circuit · 1955
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Florence K. Levine, as of the Last Will and Testament of Irving Levine, Deceased v. Seilon, Inc.Court of Appeals for the Second Circuit · 1971
- General Time Corp. v. Talley Industries, Inc.Court of Appeals for the Second Circuit · 1968
- Wellman v. DickinsonDistrict Court, S.D. New York · 1979
- UNITED STATES of America, Appellee, v. Jerome DEUTSCH, AppellantCourt of Appeals for the Second Circuit · 1972
- Iowa Federation of Labor v. Iowa Department of Job ServiceSupreme Court of Iowa · 1988
10 more not listed; retrieve them via the Exa API.