Securities & Exchange Commission v. Gellas
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
CONNER, Senior District Judge.
Before the Court is defendant Robert Ain-binder’s motion to vacate a default judgment entered against him by plaintiff Securities and Exchange Commission (the “SEC”). For the reasons discussed below, the motion is denied.
BACKGROUND
On September 20, 1991, the SEC commenced the above-captioned action against Ainbinder and his co-defendants. In its complaint, the SEC alleged, inter alia, that Ain-binder violated certain federal securities laws, rules, and regulations by fraudulently liquidating stocks through a clearing firm and wrongfully obtaining…
2Cases cited13 opinions
- United States v. ITT Continental Baking Co.Supreme Court of the United States · 1975
- United States v. Armour & Co.Supreme Court of the United States · 1971
- Bankers Mortgage Company v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Jerome Schurr v. Austin Galleries of Illinois, Inc., A/K/A Austin Publishing CompanyCourt of Appeals for the Second Circuit · 1983
- Albert A. Taft v. Donellan Jerome, Inc.Court of Appeals for the Seventh Circuit · 1969
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