PENFIELD COMPANY OF CALIFORNIA
v.
SECURITIES & EXCHANGE COMMISSION

U.S. | 1944-11-06
No. 475
323 U.S. 768 Supreme Court of the United States (1944) Positive Treatment
Cited by 9 cases

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  • …ses); Los Angeles Trust Deed & Mortgage Exch. v. SEC, 9 Cir., 1961, 285 F. 2d 162, cert. denied, 366 U.S. 919, 81 S.Ct. 1095, 6 L.Ed.2d 241 (mortgages and deeds of trust); Penfield Co. of California v. SEC, 9 Cir., 1944, 143 F. 2d 746, cert. denied, 323 U.S. 768, 65 S.Ct. 121, 89 L.Ed. 614 (whiskey sales contracts); SEC v. Crude Oil Corp. of America, 7 Cir., 1937, 93 F. 2d 844 (crude oil sales contracts). . A common enterprise is one in which the fortunes of the investor are interwoven with and dependent u…
  • Cole v. Stevenson, 620 F.2d 1055 (4th Cir. 1980)
    …s decisions is ordinarily not the prerogative of inferior courts. Bla-lock v. United States, 247 F. 2d 615, 621 (4th Cir. 1957). Cf. Penfield Co. of California v. Securities and Exchange Commission, 143 F. 2d 746, 749 (9th Cir. 1944), cert. denied, 323 U.S. 768, 65 S.Ct. 121, 89 L.Ed. 614 (1944) (“We cannot agree that an inferior federal court may make its prognostication of the weather in the Supreme Court chambers, however well fortified in judicial reasoning, and forecast that the Supreme Court ‘seems’…
  • Sec. & Exch. Comm'n v. Arthur Young & Co., 584 F.2d 1018 (D.C. Cir. 1978)
    …. 112, 96 L.Ed. 654 (1951); NLRB v. Anchor Rome Mills, Inc., 197 F. 2d 447, 449 (5th Cir. 1952); NLRB v. John S. Barnes Corp., 178 F. 2d 156, 159 (7th Cir. 1949); Penfield Co. v. SEC, 143 F. 2d 746, 749-751, 154 A.L.R. 1027 (9th Cir.), cert. denied, 323 U.S. 768, 65 S.Ct. 121, 89 L.Ed. 614 (1944). . Fleming v. Mohawk Wrecking & Lumber Co., supra note 62, 331 U.S. at 122, 67 S.Ct. at 1135, 91 L.Ed. at 1385. . Compare id. at 120-121, 67 S.Ct. at 1134, 91 L.Ed. at 1384. . “In addition to its existing author…

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