Legal Opinion
Securities & Exchange Commission v. Everest Management Corp.
Court of Appeals for the Second Circuit
Decided December 18, 1972No. 239, Docket 72-1782PublishedCited by 8 opinions
1Opinion of the Court
TIMBERS, Circuit Judge:
This appeal presents the question whether victims of alleged securities fraud are entitled to intervene in an SEC enforcement action as of right under Fed.R.Civ.P. 24(a)(2) or, alternatively, whether the district court abused its discretion in denying permissive intervention under Fed.R.Civ.P. 24(b)(2). We hold that appellants were not entitled to intervene as of right and the district court did not abuse its discretion in denying permissive intervention. We affirm.1
*1238I.
On November 11, 1971, the SEC brought an action in the Southern District of New York to enjoin 44…
2Cases cited14 opinions
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- William E. Nuesse, Commissioner of Banks, State of Wisconsin v. William Camp, Comptroller of the CurrencyCourt of Appeals for the D.C. Circuit · 1967
- Fischman v. Raytheon Mfg. Co.Court of Appeals for the Second Circuit · 1951
- Atlantis Development Corporation, Ltd. v. United States of AmericaCourt of Appeals for the Fifth Circuit · 1967
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Fed. Sec. L. Rep. P 99,083 Securities and Exchange Commission v. Flight Transportation Corporation, FTC Executive Air Charter, Inc., FTC Cayman, Ltd., and William Rubin, Greyhound Leasing & Financial Corporation, Securities and Exchange Commission v. Flight Transportation Corporation, FTC Executive Air Charter, Inc., FTC Cayman, Ltd., and William Rubin, Joyce RubinCourt of Appeals for the Eighth Circuit · 1983
- Alternative Research & Development Foundation v. VenemanCourt of Appeals for the D.C. Circuit · 2001
- Walter E. Heller & Company, Inc. v. CoxDistrict Court, S.D. New York · 1974
- Bureerong v. UvawasDistrict Court, C.D. California · 1996
- Sec v. Everest Management CorporationCourt of Appeals for the Second Circuit · 1972
3 more not listed; retrieve them via the Exa API.