Securities & Exchange Commission v. Barrett Herrick & Co.

SUGARMAN, District Judge.

In an action commenced on September 11, 1956 by the Securities and Exchange Commission against Barrett Herrick & Co., Inc. and Frederick L. Chapman, under Section 27 of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78aa, the défendants were enjoined from violating certain provisions of the Act and a receiver was appointed to collect and take charge of the assets and property of the corporate defendant and to hold the same subject to the further order of this court.1

By motion filed on December 11, 1956, Margaret S. Longwell and Harold A. Longwell move “for an…