Legal Opinion

Securities & Exchange Commission v. Timetrust, Inc.

District Court, N.D. California

Decided June 10, 1939No. 21180PublishedCited by 55 opinions

1Opinion of the Court

ST. SURE, District Judge.

Plaintiff seeks to enjoin defendants from violating Sec. 17(a) of the Securities Act of 1933, as amended. The complaint is filed pursuant to Sec. 20(b), 2 and jurisdiction is conferred by Sec. 22(a) of the Act. 3

The theory of the Commission’s complaint is that defendants Timetrust, Incorporated, Meredith Parker, Ralph W. Wood, and H. E. Blanchett have engaged, and unless enjoined, will continue to engage in activities which are in violation of Sec. 17(a), paragraph (2), 4 an anti-fraud provision of the Act, and that defendants Bank of America, A. P. Giannini, L. Mario…

2Cases cited60 opinions

  1. Caminetti v. United StatesSupreme Court of the United States · 1917
  2. Hagner v. United StatesSupreme Court of the United States · 1932
  3. Board of Trade of Chicago v. United StatesSupreme Court of the United States · 1918
  4. Coffin v. United StatesSupreme Court of the United States · 1895
  5. Norwegian Nitrogen Products Co. v. United StatesSupreme Court of the United States · 1933

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3Cited by55 opinions

  1. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  2. Continental Collieries, Inc. v. ShoberCourt of Appeals for the Third Circuit · 1942
  3. The Greater Iowa Corporation v. Frank McLendonCourt of Appeals for the Eighth Circuit · 1967
  4. Subin v. GoldsmithCourt of Appeals for the Second Circuit · 1955
  5. Brennan v. Midwestern United Life Insurance CompanyDistrict Court, N.D. Indiana · 1966

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