McKenna v. Commonwealth, Pennsylvania State Horse Racing Commission

Opinion by

Judge Blatt,

Petitioner, Charles Edward McKenna (McKenna), appeals here a decision of the Pennsylvania State Horse Racing Commission (Commission) which ordered, inter alia, that he divest himself of ten shares of stock in Lakelands Racing Association, Inc. (Lake-lands).

Lakelands is a racing association licensed by the Commission. On August 11, 1981, the Security Bank of Erie, Pennsylvania, the transfer agent for Lake-lands’ stock, transferred ten shares of Class A nonvoting stock to McKenna. Prior to this, McKenna had executed an affidavit, dated July 24, 1981, which stated that,…