Trennis K. Lile v. Securities and Exchange Commission

MATHES, District Judge.

Respondent moves at the outset to dismiss the petition for review as tardily filed. Section 25(a) of the Securities Exchange Act of 1934 provides that: “Any person aggrieved by an order issued by the Commission * * * may obtain a review of such order in the United States Court of Appeals * * * by filing in such court, within sixty days after the entry of such order, a written petition praying that the order of the Commission be modified or set aside in whole or in part.” [15 U.S.C. § 78y(a).]

Here the challenged order was issued by the Commission on July 9, 1962, and…