Stardust, Inc., a Corporation, and Anthony Cornero Stralla v. Securities and Exchange Commission

Petitioners seek our order to set aside an order of the Securities and Exchange Commission “that an investigation be made to determine whether Stardust, Inc., and Anthony Cornero Stralla have engaged in the acts and practices set forth in Section II” of that order. Section II is as follows:

The petition alleges that pursuant to said order, Securities and Exchange Commission has issued and served upon Stardust, Inc., upon Anthony Cornero Stralla, President, Secretary and Treasurer, and upon Anthony Cornero Stralla, individually, Subpoenas Duces Tecum to appear before an officer of Securities and Exchange Commission to testify and to produce all stock certificate books and other books and/or records of Stardust, Inc., which reflect the dates, names; addresses, number of shares and other details as to all shares of the Preferred and Common Capital stock issued and/or transferred by the said Stardust, Inc., during the period from June 7, 1954 to May 20, 1955 and said Commission has made an application to the United States District Court for the Southern District of California, Central Division, for an order to require obedience to those Subpoenas Duces Tecum and said Court has issued…