Securities and Exchange Commission v. Walter Wencke, Theodore Delusignan, Movant-Appellant v. R.N. Gould, Receiver-Trustee

U.S. Court of Appeals, Ninth Circuit · Decided 1986-02-19

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FLETCHER, Circuit Judge: Theodore deLusignan appeals from a post-judgment order by the district court requiring Ramapo Corporation (“Ramapo”), in which he is a 25% stockholder, to disgorge 401,351 shares of Portsmouth Square, Inc. (“PSI”) and the profits it derived from those shares. The district court issued its order following judgment in a securities fraud action brought by t…

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