Securities and Exchange Commission v. Laird

598 F.2d 1162 SECURITIES AND EXCHANGE COMMISSION, Applicant-Appellee, v. Joseph R. LAIRD, Jr., Cal-Am Corporation, Kenneth J. Fischer, John E. Crooks, James R. Forbes, Warren H. Baker, Allstate Securities, Inc., Dixie Natural Resources, Inc., Respondents-Appellants. No. 77-1528. United States Court of Appeals, Ninth Circuit. June 1, 1979. Donald M. Re, Los Angeles, Cal., for respondents-appellants. David Ferber, S.E.C., Washington, D. C., for applicant-appellee. Appeal from the United States District Court for the Central District of California. Before WALLACE and HUG, Circuit Judges, and TEMPLAR, * District judge. PER CURIAM: 1 Laird and others appeal from an order of the United States District Court directing them to comply with subpoenas issued by the Securities and Exchange Commission (Commission) requiring testimony and the production of documents. They raise the issue on appeal that the procedures of the Commission followed in this case and the issuance of the subpoenas by the Commission deprived them of their due process rights as protected by the Fifth Amendment. The Commission denies that due process rights were violated and in addition alleges that compliance with the…