Progressive Securities, Inc. v. Young

CHRISTIE, District Judge:

This action was instituted in an attempt to enjoin the manner in which the United States Securities and Exchange Commission is conducting an investigation into what plaintiffs contend is their purely intrastate securities business at Huntington, West Virginia, and to recover monetary damages against certain of the Commission’s investigators for libel and slander.

Defendants have moved to dismiss the complaint for a variety of reasons as well as for summary judgment. Insofar as necessary to adequately dispose of the several issues presented, the motions will be treated…