Exchange Buffet Corporation v. New York Stock Exchange and Securities and Exchange Commission

MEDINA, Circuit Judge.

Petitioner, the Exchange Buffet Cor•poration, seeks to have us set aside an order of the SEC, granting an application by the New York Stock Exchange, pursuant to the provisions of Section 12 (d) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 781(d), and Rule X-12D2-1 (17 C.F.R. 240, 12d2-1), to strike petitioner's capital stock from listing and registration on the New York Stock Exchange. The SEG found that the rules of the New York Stock Exchange relating to delisting had been complied with and that the application should be granted without the imposition of any…