United States v. Louis E. Wolfson and Elkin B. Gerbert, Louis E. Wolfson

FEINBERG, Circuit Judge:

In 1966, the Government filed two indictments against Louis E. Wolfson. The first charged violations of section 5 of the Securities Act of 1933, 15 U.S.C. § 77e, in connection with the sale of unregistered stock of Continental Enterprises (“Continental”). The second charged, among other things, fraud in the purchase and sale of stock of Merritt-Chapman & Scott Corporation (“Merritt-Chapman”). Thus began a series of trials and appeals that have spanned more than a decade and have now involved six decisions by panels of this court alone. This appeal stems from the denial…