Legal Opinion
Securities & Exchange Commission v. Oakford Corp.
District Court, S.D. New York
Decided August 10, 1998No. 98 Civ. 1366 (JSR)PublishedCited by 9 opinions
1Opinion of the Court
*270 OPINION AND ORDER
RAKOFF, District Judge.
Plaintiff Securities and Exchange Commission (“SEC”) moves pursuant to Rule 41(a)(2), Fed.R.Civ.P., to voluntarily dismiss this action as to defendants D’Alessio Securities, Inc. and John R. D’Alessio (the “D’Ales-sio defendants”) without prejudice. The D’Alessio defendants oppose unless the dismissal is with prejudice. The Court grants the dismissal without prejudice, but not without misgivings.
The controversy arises in the context of what are sometimes called “parallel proceedings.” These originate when a civil enforcement agency such as the SEC and…
2Cases cited11 opinions
- Baxter v. PalmigianoSupreme Court of the United States · 1976
- Phyllis Zagano v. Fordham University and George N. GordonCourt of Appeals for the Second Circuit · 1990
- Trustees of the Plumbers & Pipefitters National Pension Fund v. Transworld Mechanical, Inc.District Court, S.D. New York · 1995
- Volmar Distributors, Inc. v. New York Post Co., Inc.District Court, S.D. New York · 1993
- Wilfred J. Wakefield v. Northern Telecom, Inc.Court of Appeals for the Second Circuit · 1985
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3Cited by9 opinions
- Securities & Exchange Commission v. NicholasDistrict Court, C.D. California · 2008
- Securities & Exchange Commission v. SaadDistrict Court, S.D. New York · 2005
- United States Securities & Exchange Commission v. KanodiaDistrict Court, D. Massachusetts · 2015
- Securities & Exchange Commission v. O'NeillDistrict Court, D. Massachusetts · 2015
- Securities and Exchange Commission v. Jordan ChiricoDistrict Court, S.D. New York · 2026
4 more not listed; retrieve them via the Exa API.