Securities Investor Protection Corporation v. Vigman

587 F.Supp. 1358 (1984)

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Nature of the Case

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Facts

Boltz and Hartman are counsel of record for P. Both were employed by the SEC. Boltz was employed for approximately 20 years up to 1979 and was Regional Administrator of the SEC's Los Angeles Regional Office. Hartman was employed for 11 years up to 1980. He was assigned to the SEC's Los Angeles Regional Office, where he held the position of regional counsel from 1976 to 1980. During the early 1970s, two related proceedings were instituted by the SEC against some of the Ds named in this action. It is uncontested that Boltz signed the complaint and trial brief in the 1973 civil action and that Hartman appeared as trial counsel for the SEC in that action. The complaint for this action, filed July 22, 1983, was signed by Boltz and lists Hartman as an attorney for P. P alleges the manipulation of a number of securities similar to the 1971 and 1973 actions. P now alleges an extremely elaborate scheme, encompassing the manipulation of seven securities on the over-the-counter market. Ds seek to disqualify Boltz, Hartman and their firm from further representing P in that continued representation by these former government attorneys in a matter connected to their government work contravenes the ethical standards of the legal profession.