Securities & Exchange Commission v. Union Corp. of America

HARPER, Chief Judge.

Defendant, ' Union Corporation of America (hereinafter called Union), is organized and has its principal place of business in Missouri. Defendants Keaney, Gissy, Meinert, Dowling, Ciapciak, Gibbons and Lazarcheff were directors *519of the defendant Union at the time of the institution of these proceedings.

On October 13, 1955, Union filed a registration statement with the Securities and Exchange Commission (hereinafter called SEC) for 797,800 shares of its common stock at an offering price of $5.00 per share, pursuant to the Securities Act of 1933, as amended, 15 U.S.C.A. § 77a…