Securities and Exchange Com'n v. Arvida Corporation

NOONAN, District Judge.

The Securities and Exchange Commission (“the Commission”) having on September 22, 1958, filed a complaint alleging that the defendants were engaged and about to engage in acts and practices which constitute violations of Section 5(c) of the Securities Act of 1933, as amended, (“the Securities Act”) 15 U.S.C.A. § 77e(c), and praying for preliminary and permanent injunctions pursuant to Section 20(b) of the Securities Act, 15 U.S.C.A. § 77t(b);

There having come on for hearing on September 30, 1958, the motion of the Commission for a preliminary injunction and motions of…