Word: sec
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Dates: during 1930-1939
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...hale again after his first absence (six weeks) because of illness in nine years, Chief Justice Charles Evans Hughes last week returned to the U. S. Supreme Court. For his first chore he had the pleasant duty of swearing in the Court's newest and youngest member, ex-SEC Chairman William Orville Douglas, 40. As Franklin Roosevelt's fourth appointee took his seat at the extreme left, he rubbed his nose, smiled at his wife and nine-year-old son, Bill Jr. Deprived while on the bench of his usual cigaret, Justice Douglas nervously twiddled a red rubber...
...University of California's varsity oarsmen: a three-mile race in 14 min., 48.4 sec.; defeating the University of Washington, their arch rivals, by seven lengths and bettering the course record by 5½ sec.; in the annual West Coast regatta that opens the U. S. rowing season; on the Oakland Estuary in San Francisco Bay. It was their first victory over Washington since...
...World Heavyweight Champion Joe Louis: a 2 min. and 20 sec. fight in defense of his title; knocking out grim, 36-year-old Jack Roper, a Hollywood electrician who was considered a boxing has-been ten years ago; before 25,000 fight fans; at Wrigley Field, Los Angeles. Challenger Roper, 12-to-1 underdog, admitting it was the first break he ever got, received 10% of the nearly $100,000 gate...
...Announced that any law firm retaining former SEC employes for advice on matters with which they became familiar while at SEC might lose its right to practice before SEC. SEC thereupon sued to enjoin former SEC Lawyer William J. Mahaney from "continuing to disclose" confidential information to his present employer, Banker L. M. Giannini, who is fighting an SEC attempt to delist the stock of Transamerica Corp. from the New York, San Francisco and Los Angeles exchanges...
...Extended its attack on the Giannini interests by seeking a permanent injunction to restrain Timetrust, Inc. from further sale of certificates representing ownership in various Giannini banks. About $1,600,000 in such certificates is outstanding. SEC charged that they are a means of "obtaining money ... by means of untrue statements" such as that their purchase is similar to starting a savings account. Timetrust's President Meredith Parker retorted that SEC was using "unlawful and unwarranted tactics" to embarrass the Giannini family...