Drinker Biddle & Reath v. Securities & Exchange Commission

McLAUGHLIN, Circuit Judge.

These appeals arose from She dissolution of Public Service Corporation of New Jersey under Section 11(e) of the Public Utility Holding Act of 1935, 15 U.S.C.A. § 79 et seq. In No. 11,120, petitioners’ fee, agreed to by Public Service, for legal services to that concern in connection with the dissolution was reduced by the Securities and Exchange Commission from $150,000 to $125,000. In No. 11,130, the expenses of The United Corporation in the same dissolution proceeding, amounting to $33,580.86, were disallowed by the Commission. United was the parent holding company…