Case ID: nj-eq_130/html/0212-01.html
Source: Caselaw Access Project
Author: {"author": "Bodine, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

David T. Wilentz, Attorney-General of the State of New Jersey, respondent, v. Fairland Management Corporation, Inc., a corporation of the State of New Jersey, et al., appellants.
    [Submitted May term, 1941.
    Decided September 19th, 1941.]
    
      Mr. Abraham M. Herman, for the appellants.
    
      Mr. Andrew J. Marlcey, for the respondent, David T. Wilentz.
   The opinion of the court was delivered by

Bodine, J.

The proceeding under review was instituted under the New Jersey Securities Act (N. J. S. A. 49:1-11) designed to prevent cheating in securities. An injunction was granted and a receiver was appointed. Prom our examination of the facts, it appears that the proofs supported the conclusion of the learned Vice-Chancellor. The procedure adopted merely followed that sanctioned in Stevens v. Associated Mortgage Co., 107 N. J. Eq. 297; affirmed, 110 N. J. Eq. 70, and Stevens v. Washington Loan Co., 107 N. J. Eq. 91; affirmed, 109 N. J. Eq. 128.

The decree is affirmed, with costs.

For affirmance — The Chiee-Justioe, Parker, Case, Bodine, Donges, Hei-ier, Perskie, Porter, Colie, Dear, Wells, Hague, Thompson, JJ. 13.

For reversal — None.