John v. Holmes v. William Lucius Cary

U.S. Court of Appeals for the Fifth Circuit January 19, 1966

John v. Holmes v. William Lucius Cary, 355 F.2d 150 (5th Cir. 1966)

Opinion

PER CURIAM:

This case, arising out of a much litigated dispute between Plaintiffs and the SEC, 1 represents an attempt to require the SEC to file, make public, and treat in a regular fashion a paper which purports to be a registration statement. In view of the fact that this paper clearly fails to meet the requirements of the Securities Act of 1933 and the SEC’s rules and regulations, we agree fully with the District Court that it does not represent a bona fide attempt to qualify to sell securities to the investing public and hence is not a registration statement at all. Summary judgment for the Defendants was correct.

Affirmed.

. Holmes v. United States, 5 Cir., 1965, 353 F.2d 785 [Dec. 13, 1965] ; Holmes v. Eddy, 4 Cir., 1965, 341 F.2d 477; SEC v. Bond & Share Corp., W.D.Okl., 1963, 229 F.Supp. 88 (appeal pending to 10th Circuit).

Reference

Full Case Name: John v. HOLMES Et Al., Appellants, v. William Lucius CARY Et Al., Appellees
Cited By: 2 cases
Status: Published