Word: banc
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...Circuit Court of Appeals decision to overturn the law holds precedence over the court's April decision because the latest ruling was made "en banc," or from the full court. The process is only considered necessary. Remes said, when the court finds the error in the law "egregious enough to warrant correction before it gets to the Supreme Court...
Remes said the "en banc" process was very unusual. Of the 3000 petitions filed every year for a full hearing "en banc," only about 60 are accepted to be heard by the court...
...Judge John Sirica's demand for the presidential tapes, the case will move this week from the second floor of the U.S. Court House up to the fifth-floor chambers of the U.S. Court of Appeals for the District of Columbia. There it will be heard either en banc by the court's membership of nine judges or by a three-judge panel selected at random. Considering the importance of the case, the judges may decide that all should assemble...
...department (TIME, March 23). This high bid for all of National's 100,000 shares of stock, was made by Commercial Investment Trust, cash-heavy installment financier. Last week, however, the courts ordered Mr. Pink to reject C. I. T.'s bid, accept one from Banc-america-Blair Corp. for 70,000 shares at a slightly higher per-share price...
...president of Chase Securities Corp. and in 1925 chairman of the executive committee of Chase National Bank and Chase Securities Corp. In 1927 he suddenly resigned and practically retired from active business. Two years later he accepted the presidency of Interstate Equities Corp.. an investment trust sponsored by Banc-america-Blair. Fortnight ago Interstate was sold to youngish Wallace Groves, an independent capitalist who got his start in the small-loan business, but Mr. Tinker remained as president...